S T A T E O F N E W Y O R K
________________________________________________________________________
1600
2009-2010 Regular Sessions
I N A S S E M B L Y
(PREFILED)
January 7, 2009
___________
Introduced by M. of A. ZEBROWSKI -- read once and referred to the
Committee on Insurance
AN ACT to amend the insurance law and the navigation law, in relation to
notification of the expiration of a rate reduction based on completion
of a safety course
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (d) of section 2336 of the insurance law, as
amended by chapter 95 of the laws of 1993, is amended to read as
follows:
(d) Premium charge reductions made pursuant to the provisions of
subsection (a) of this section shall be effective upon issuance of a
certificate of completion to the insured and such premium charge
reduction shall be calculated from such completion date unless such
completion certificate is presented within forty-five days prior to the
renewal of the policy, in which case the insurer may elect to commence
the discount upon the first day of the new policy period for the full
term of statutory discount; provided, however, that if the certificate
of completion is not presented to the insurer within ninety days after
completion of the course the insurer may, at its discretion, apply the
premium discount from the date such certificate was presented rather
than the date of completion. A discount applied during a policy period
shall be prorated over the term of the policy. NO LESS THAN NINETY DAYS
BEFORE THE DATE OF TERMINATION OF THE PERIOD FOR WHICH THE PREMIUM
REDUCTION IS VALID, THE INSURER SHALL PROVIDE WRITTEN NOTICE TO THE
INSURED THAT THE PERIOD DURING WHICH THE PREMIUM REDUCTION IS VALID IS
TO TERMINATE, NOTING THE DATE UPON WHICH THE TERMINATION SHALL BE EFFEC-
TIVE, AND ADVISING THE INSURED THAT HE OR SHE MUST COMPLETE ANOTHER
QUALIFYING MOTOR VEHICLE ACCIDENT PREVENTION COURSE TO RE-QUALIFY FOR
THE PREMIUM REDUCTION.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD02529-01-9
A. 1600 2
S 2. Section 78-a of the navigation law, as added by chapter 160 of
the laws of 1990, is amended to read as follows:
S 78-a. Insurance rate reduction. 1. Any insurance carrier licensed to
issue yacht or boating liability insurance in this state is authorized
to grant rate reductions with the approval of the insurance department
to any owner of a yacht or boat who has successfully completed a boating
safety course or holds a valid United States Coast Guard operators
license.
2. ANY INSURER GRANTING A PREMIUM RATE REDUCTION TO YACHT OR BOAT
OWNERS ON THE BASIS OF COMPLETION OF A BOATING SAFETY COURSE SHALL, NO
LESS THAN NINETY DAYS BEFORE THE DATE OF TERMINATION OF THE PERIOD FOR
WHICH THE PREMIUM REDUCTION IS VALID, PROVIDE WRITTEN NOTICE TO SUCH
INSURED OWNER THAT THE PERIOD DURING WHICH THE PREMIUM REDUCTION IS
VALID IS TO TERMINATE, NOTING THE DATE UPON WHICH THE TERMINATION SHALL
BE EFFECTIVE, AND ADVISING THE INSURED OWNER THAT HE OR SHE MUST
COMPLETE ANOTHER QUALIFIED BOATING SAFETY COURSE IN ORDER TO RE-QUALIFY
FOR THE PREMIUM REDUCTION.
S 3. This act shall take effect January 1, 2010.