senate Bill S1761

2013-2014 Legislative Session

Reduces a retired or disabled owner's no fault insurance premium by providing appropriate automobile insurance rates to reflect a reduced exposure to loss

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Archive: Last Bill Status - In Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to insurance
Jan 09, 2013 referred to insurance

S1761 - Details

See Assembly Version of this Bill:
A1223
Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd ยง2330, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S803, A530
2009-2010: S1187, A3485

S1761 - Summary

Reduces a retired or disabled owner's no fault insurance premium by providing appropriate automobile insurance rates to reflect a reduced exposure to loss due to situations where drivers either have no wages to lose or are covered for lost wages by another first payer insurance policy; defines "retired" and "disabled".

S1761 - Sponsor Memo

S1761 - Bill Text download pdf

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

    S. 1761                                                  A. 1223

                       2013-2014 Regular Sessions

                      S E N A T E - A S S E M B L Y

                               (PREFILED)

                             January 9, 2013
                               ___________

IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print-
  ed, and when printed to be committed to the Committee on Insurance

IN  ASSEMBLY  -- Introduced by M. of A. THIELE -- read once and referred
  to the Committee on Insurance

AN ACT to amend the insurance law, in relation to  automobile  insurance
  rates for persons who are retired or disabled

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

  Section 1. Section 2330 of the insurance law is  amended  to  read  as
follows:
  S  2330. No fault motor vehicle insurance rates; reflection of reduced
exposure to loss. (A) Where the principal operator of a motor vehicle or
such operator's spouse is eligible for medicare benefits  for  items  of
basic  economic  loss  specified  in  paragraph one of subsection (a) of
section five thousand one hundred two of  this  chapter,  or  where  the
insurer's  obligation  to  pay first party benefits for loss of earnings
from work is reduced by virtue of the provisions of such subsection,  OR
BY  VIRTUE  OF  THE  PRINCIPAL  OPERATOR OR SUCH OPERATOR'S SPOUSE BEING
RETIRED OR DISABLED, the premium  attributable  to  coverage  under  the
automobile  insurance policy for such items shall be appropriately modi-
fied to reflect the insurer's reduced exposure to loss.
  (B) FOR PURPOSES OF THIS SECTION, THE TERM (1) "RETIRED" SHALL MEAN  A
PERSON  WHO  HAS ATTAINED AGE SIXTY-FIVE YEARS AND IS NOT ENGAGED IN ANY
ACTIVITIES FOR INCOME; AND THE TERM (2) "DISABLED" SHALL MEAN  A  PERSON
WHO IS NOT ENGAGED IN ANY ACTIVITIES FOR INCOME AND WHO (A) IS CERTIFIED
AS DISABLED AND ELIGIBLE TO RECEIVE SOCIAL SECURITY DISABILITY INSURANCE
(SSDI)  OR SUPPLEMENTAL SECURITY INCOME (SSI) BENEFITS UNDER THE FEDERAL
SOCIAL SECURITY ACT, OR (B) IS CERTIFIED AS  DISABLED  AND  ELIGIBLE  TO
RECEIVE  RAILROAD RETIREMENT DISABILITY BENEFITS UNDER THE FEDERAL RAIL-

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

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