S T A T E O F N E W Y O R K
2011-2012 Regular Sessions
I N S E N A T E
January 28, 2011
Introduced by Sen. SEWARD -- 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 permitting insurers to
make available multiple rating plans for private passenger motor vehi-
cle insurance within the same company
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The insurance law is amended by adding a new section 2352
to read as follows:
S 2352. MULTIPLE RATING PLANS. (A) AN INSURER MAY MAKE AVAILABLE
MULTIPLE RATING PLANS WITHIN THE SAME COMPANY FOR PERSONAL LINES INSUR-
ANCE IN THE VOLUNTARY MARKET, PROVIDED THAT EACH TIME A NEW RATING PLAN
IS DEVELOPED, IT SHALL APPLY ONLY TO POLICIES ISSUED ON AND AFTER THE
EFFECTIVE DATE OF THE NEW PLAN.
(B) FOR PURPOSES OF THIS SECTION "PERSONAL LINES INSURANCE" SHALL MEAN
PROPERTY/CASUALTY INSURANCE COVERAGE SOLD TO INDIVIDUALS AND FAMILIES
FOR PRIMARILY NON-COMMERCIAL PURPOSES.
S 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.