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Senate Bill S8519

2009-2010 Legislative Session

Allows the superintendent of insurance to increase the $2000 threshold after which a motor vehicle accident report must be filed with the superintendent

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Sponsored By

Archive: Last Bill Status - In Senate Committee Rules Committee

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2009-S8519 (ACTIVE) - Details

Current Committee:
Senate Rules
Law Section:
Insurance Law
Laws Affected:
Amd §2335, Ins L; amd §2, Chap 277 of 2010

2009-S8519 (ACTIVE) - Summary

Allows the superintendent of insurance to increase the $2000 threshold for inflation or any other reason deemed reasonable and appropriate after which a motor vehicle accident report must be filed with the superintendent.

2009-S8519 (ACTIVE) - Sponsor Memo

2009-S8519 (ACTIVE) - Bill Text download pdf 

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

                                  8519

                            I N  S E N A T E

                            December 3, 2010
                               ___________

Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the insurance law, in relation to motor vehicle  liabil-
  ity  insurance  rates  and  to  amend  chapter 277 of the laws of 2010
  amending the insurance law  relating  to  prohibiting  surcharges  for
  certain automobile accidents, in relation to the effectiveness thereof

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

  Section 1. Subsection (a) of section 2335 of  the  insurance  law,  as
amended  by  chapter  277  of  the  laws  of 2010, is amended to read as
follows:
  (a) has had an accident ON OR AFTER JANUARY FIRST, TWO THOUSAND ELEVEN
that does not result in aggregate damage to property in  excess  of  two
thousand  dollars, provided that any policy surcharge shall be permissi-
ble for any accident [which] THAT results in bodily  injury  or  if  the
insured  has more than one accident in the merit rating experience peri-
od. THE SUPERINTENDENT MAY, PURSUANT TO  REGULATION,  INCREASE  THE  TWO
THOUSAND  DOLLAR  THRESHOLD  FOR INFLATION OR ANY OTHER REASON FOR WHICH
THE SUPERINTENDENT DETERMINES THE INCREASE TO BE REASONABLE  AND  APPRO-
PRIATE. Nothing in this subsection shall change the dollar amount of the
accident reporting threshold required under paragraph one of subdivision
(a) of section six hundred five of the vehicle and traffic law.
  S  2. Section 2 of chapter 277 of the laws of 2010 amending the insur-
ance law relating to prohibiting surcharges for certain automobile acci-
dents is amended to read as follows:
  S 2. This act shall take effect on  the  [one  hundred  twentieth  day
after]  FIRST OF JANUARY NEXT SUCCEEDING THE DATE ON WHICH it shall have
become a law, provided that the amendments to section 2335 of the insur-
ance law made by section one of this act shall expire on the  same  date
as  such  section  expires[;  and provided, further, that this act shall
only apply to policies entered into, modified, or renewed  on  or  after
such effective date].
  S  3.  This act shall take effect immediately; provided, however, that
section one of this act shall take effect on the first of  January  next

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

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