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Assembly Bill A6881A

Signed By Governor

2011-2012 Legislative Session

Permits insurers to make available multiple rating programs for private passenger motor vehicle insurance within the same company

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Archive: Last Bill Status Via S2705 - Signed by Governor

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Bill Amendments

co-Sponsors

multi-Sponsors

2011-A6881 - Details

See Senate Version of this Bill:
S2705
Law Section:
Insurance Law
Laws Affected:
Add §2352, Ins L

2011-A6881 - Summary

Permits insurers to make available multiple rating plans for private passenger motor vehicle insurance within the same company.

2011-A6881 - Bill Text download pdf 

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

                                  6881

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              April 5, 2011
                               ___________

Introduced  by  M.  of  A.  MORELLE, MAGEE, COOK, BING, WEPRIN, LINARES,
  MOYA, BARCLAY -- Multi-Sponsored by -- M. of A. CALHOUN, OAKS --  read
  once and referred 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.
                                                           LBD08794-01-1

co-Sponsors

multi-Sponsors

2011-A6881A (ACTIVE) - Details

See Senate Version of this Bill:
S2705
Law Section:
Insurance Law
Laws Affected:
Add §2352, Ins L

2011-A6881A (ACTIVE) - Summary

Permits insurers to make available multiple rating plans for private passenger motor vehicle insurance within the same company.

2011-A6881A (ACTIVE) - Bill Text download pdf 

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

                                 6881--A

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              April 5, 2011
                               ___________

Introduced  by  M.  of  A.  MORELLE, MAGEE, COOK, BING, WEPRIN, LINARES,
  MOYA, BARCLAY -- Multi-Sponsored by -- M. of A. CALHOUN,  FINCH,  OAKS
  --  read  once and referred to the Committee on Insurance -- committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN ACT to amend the insurance law, in relation to permitting insurers to
  make available multiple rating programs for  private  passenger  motor
  vehicle 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 PROGRAMS. (A) SUBJECT TO THE SUPERINTENDENT'S
PRIOR APPROVAL, AN INSURER MAY ESTABLISH MORE THAN  ONE  RATING  PROGRAM
WITHIN  THE  SAME  COMPANY FOR POLICIES OF INSURANCE THAT ARE SUBJECT TO
SECTION  THREE  THOUSAND  FOUR  HUNDRED  TWENTY-FIVE  OF  THIS  CHAPTER;
PROVIDED THAT:
  (1)  EACH RATING PROGRAM SHALL APPLY ONLY TO POLICIES NEWLY WRITTEN ON
OR AFTER THE EFFECTIVE DATE OF THE  RATING  PROGRAM  BUT  PRIOR  TO  THE
EFFECTIVE  DATE  OF  ANY  SUBSEQUENTLY APPROVED RATING PROGRAM; PROVIDED
HOWEVER IF AN INSURER TERMINATES A  RATING  PROGRAM,  THEN  THE  INSURER
SHALL  RENEW  THE  POLICIES  THAT  WERE SUBJECT TO THE TERMINATED RATING
PROGRAM IN A SUBSEQUENTLY APPROVED RATING PROGRAM.
  (2) THE PROVISIONS OF SUBSECTION (F) OF SECTION  THREE  THOUSAND  FOUR
HUNDRED  TWENTY-FIVE  AND  SUBSECTION  (B) OF SECTION TWO THOUSAND THREE
HUNDRED FORTY-NINE OF THIS CHAPTER  SHALL  BE  APPLIED  TO  EACH  RATING
PROGRAM SEPARATELY.
  (B)  THE SUPERINTENDENT MAY PROMULGATE RULES AND REGULATIONS TO IMPLE-
MENT THE PROVISIONS OF THIS SECTION.
  S 2. This act shall take effect on the ninetieth day  after  it  shall
have become a law.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08794-03-1

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