senate Bill S1344

Relates to prohibiting rate variations of over ten percent between counties within the city of New York for nonbusiness private passenger automobiles

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Bill Status


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor
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actions

  • 06 / Jan / 2011
    • REFERRED TO INSURANCE
  • 04 / Jan / 2012
    • REFERRED TO INSURANCE

Summary

Relates to prohibiting rate variations of over ten percent between counties within the city of New York for non-business private passenger automobiles.

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Bill Details

Versions:
S1344
Legislative Cycle:
2011-2012
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2307, Ins L
Versions Introduced in 2009-2010 Legislative Cycle:
S1106

Sponsor Memo

BILL NUMBER:S1344

TITLE OF BILL:

An act
to amend the insurance law, in relation to prohibiting insurance rate
variations of more than ten percent between counties within the city of
New York for non-business private passenger automobiles

PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this bill is to make private passenger automobile
insurance more affordable for certain New York City residents.

SUMMARY OF SPECIFIC PROVISIONS:

This bill would, with respect to private passenger automobile
insurance, prohibit any insurer or rate service organization from
using, applying for or filing with the superintendent for approval
any rates that apply to rating territories within the city of New
York that provide for rate variations between any county within the
city of more than ten percent.

JUSTIFICATION:

Currently, New York City residents are paying the highest auto
insurance premiums in the State. There are some policyholders
residing in certain boroughs of the city of New York that are forced
to pay much higher premiums than policyholders within the same risk
classification that reside in a different section or borough of the
city. This bill would help lower the cost of insurance for those
residents in certain areas of the City who may be unable to afford
coverage simply because of their geographical location.

PRIOR LEGISLATIVE HISTORY:

S.1106/A.2367 - 2009/10
S.496/A.948 - 2007/08 - Died in Committee
A.1142/A.2131 - 2005/06
S.2550/A.5568 - 2003/04
A.9305 - 2001/02

FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

None to the State.

EFFECTIVE DATE:

Immediately.

view bill text
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  1344

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                             January 6, 2011
                               ___________

Introduced  by  Sens.  DILAN,  DIAZ,  HASSELL-THOMPSON -- read twice and
  ordered printed, and when printed to be committed to the Committee  on
  Insurance

AN  ACT to amend the insurance law, in relation to prohibiting insurance
  rate variations of more than ten percent between counties  within  the
  city of New York for non-business private passenger automobiles

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Subsection (a) of section 2307  of  the  insurance  law  is
amended to read as follows:
  (a)  (1)  No  insurer  or rate service organization shall use a rating
classification or territory unless it has been  filed  with  the  super-
intendent  and  either  he  OR  SHE has approved it, or ninety days have
elapsed and he OR SHE has not disapproved it as unfairly  discriminatory
or violative of public policy.
  (2)  NOTWITHSTANDING  ANY  OTHER  PROVISION  OF  LAW,  WITH RESPECT TO
NON-BUSINESS PRIVATE PASSENGER AUTOMOBILE INSURANCE POLICIES, NO INSURER
OR RATE SERVICE ORGANIZATION SHALL USE,  APPLY  FOR  OR  FILE  WITH  THE
SUPERINTENDENT  FOR  APPROVAL ANY RATES THAT APPLY TO RATING TERRITORIES
WITHIN THE CITY OF NEW YORK THAT PROVIDE FOR RATE VARIATIONS BETWEEN ANY
COUNTY WITHIN THE CITY OF NEW YORK OF MORE THAN TEN PERCENT.
  S 2. This act shall take effect immediately and  shall  apply  to  all
policies  of  insurance  altered, amended, issued or renewed on or after
such effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD02674-01-1

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