NY State Senate Bill 2009-S4705

Senate Bill S4705

2009-2010 Legislative Session

Requires a motor vehicle insurance provider to notify a customer of the importance and usefulness of uninsured and underinsured motorist coverage

download bill text pdf

Archive: Last Bill Status - In Senate Committee Insurance Committee

Introduced
- In Committee Assembly
- In Committee Senate
- On Floor Calendar Assembly
- On Floor Calendar Senate
- Passed Assembly
- Passed Senate
Delivered to Governor
Signed By Governor

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Actions

View Actions

	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Jan 06, 2010	referred to insurance
Apr 27, 2009	referred to insurance

2009-S4705 (ACTIVE) - Details

Current Committee:: Senate Insurance
Law Section:: Insurance Law
Laws Affected:: Add §3411-a, Ins L

2009-S4705 (ACTIVE) - Summary

Requires a motor vehicle insurance provider to notify a customer of the importance and usefulness of uninsured and underinsured motorist coverage; directs the superintendent of insurance to draft an informational disclaimer to be included in every policy providing automobile physical damage insurance for private passenger automobiles registered in this state.

2009-S4705 (ACTIVE) - Sponsor Memo

                                 BILL NUMBER:  S4705

 TITLE OF BILL :

An act to amend the insurance law, in relation to notification of the
importance and usefulness of uninsured and underinsured motorist
coverage


 PURPOSE OR GENERAL IDEA OF BILL :

This bill seeks to inform automobile owners of the value and
importance of uninsured and underinsured motorist coverage.

 SUMMARY OF SPECIFIC PROVISIONS :

This bill would amend the insurance law to provide, that no policy
providing automobile physical damage insurance for private passenger
automobiles registered in this state, shall be issued, delivered or
renewed, without an informational disclaimer being provided to the
insured, in writing, prior to the time of such issuance, delivery or
renewal, concerning the importance and usefulness of uninsured and
underinsured motorist coverage, and that the superintendent shall be
responsible for the drafting of the informational disclaimer.

 JUSTIFICATION :

Uninsured and underinsured motorist coverage is a very important
insurance product.

Statistics show that this inexpensive, valuable coverage is all too
frequently neither recommended nor availed to customers of private
passenger automobile insurance in New York State. This bill seeks to
change that, by simply educating consumers as to this important
coverage.

This bill would also have the positive effect of saving the state
money, by not necessitating financial hits on the state sponsored
uninsured/underinsured motorist insurance fund.

 FISCAL IMPACT :

This bill should reduce financial costs to the state sponsored
uninsured/underinsured motorist insurance fund.

 PRIOR LEGISLATIVE HISTORY :

2008 - S.2380: Referred to Insurance Committee

 EFFECTIVE DATE :
This act would take effect immediately.

2009-S4705 (ACTIVE) - Bill Text download pdf

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

                                  4705

                       2009-2010 Regular Sessions

                            I N  S E N A T E

                             April 27, 2009
                               ___________

Introduced  by  Sen. LEIBELL -- 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  notification  of  the
  importance  and  usefulness  of  uninsured  and  underinsured motorist
  coverage

  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 3411-a
to read as follows:
  S  3411-A.  NOTIFICATION OF UNINSURED AND UNDERINSURED MOTORIST COVER-
AGE. (A) NO POLICY PROVIDING AUTOMOBILE PHYSICAL  DAMAGE  INSURANCE  FOR
PRIVATE  PASSENGER AUTOMOBILES REGISTERED IN THIS STATE SHALL BE ISSUED,
DELIVERED OR RENEWED WITHOUT AN INFORMATIONAL DISCLAIMER BEING  PROVIDED
TO  THE INSURED IN WRITING, PRIOR TO THE TIME OF SUCH ISSUANCE, DELIVERY
OR RENEWAL, CONCERNING THE IMPORTANCE AND USEFULNESS  OF  UNINSURED  AND
UNDERINSURED MOTORIST COVERAGE.
  (B)  THE  SUPERINTENDENT  SHALL BE RESPONSIBLE FOR THE DRAFTING OF THE
INFORMATIONAL DISCLAIMER DESCRIBED IN SUBSECTION (A) OF THIS SECTION.
  S 2. This act shall take effect immediately and shall apply  to  poli-
cies issued, delivered, or renewed on and after such effective date.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11055-01-9

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