senate Bill S367

2013-2014 Legislative Session

Provides for a review of rating territory definitions for non-business automobile insurance policies

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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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2014 referred to insurance
Jan 09, 2013 referred to insurance

Co-Sponsors

S367 - Details

See Assembly Version of this Bill:
A8501
Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd ยง2307, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S3104A
2009-2010: S1965

S367 - Summary

Establishes as a distinct territory for purposes of rating private passenger nonbusiness automobile insurance policies, a certain city with a population between 19,040 and 25,000 which is geographically contiguous to a city with a population between 292,648 and 350,000; provides that the superintendent may require insurers to adjust existing or establish new territory definitions based on such review.

S367 - Sponsor Memo

S367 - Bill Text download pdf

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

                                   367

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen. KENNEDY -- 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 providing for a review
  of certain existing  rating  territory  definitions  for  non-business
  automobile insurance policies

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

  Section 1. Section 2307 of the insurance law is amended  by  adding  a
new subsection (f) to read as follows:
  (F)  (1)  NOTWITHSTANDING  ANY OTHER PROVISION OF LAW, WITH RESPECT TO
NON-BUSINESS AUTOMOBILE INSURANCE  POLICIES,  THE  SUPERINTENDENT  SHALL
UNDERTAKE  A  THOROUGH  REVIEW  OF RATING TERRITORY DEFINITIONS AND RATE
IMPLICATIONS OF CURRENT TERRITORIAL DEFINITIONS IN USE  IN  THIS  STATE,
WITH  PARTICULAR  FOCUS  ON CHANGING DEMOGRAPHICS, BORDERLINE ZIP CODES,
TERRITORIAL GROUPINGS, AND ALTERNATIVE APPROACHES TO ACHIEVING HOMOGENE-
ITY.
  (2) BASED ON SUCH REVIEW, THE SUPERINTENDENT MAY REQUIRE  INSURERS  TO
ADJUST  EXISTING  OR ESTABLISH NEW TERRITORY DEFINITIONS AND TO USE SUCH
ADJUSTED OR NEW TERRITORIES IN RELATION TO SUCH POLICIES.
  (3) WITH RESPECT TO SUCH REVIEW AND ANY REQUIREMENTS MADE PURSUANT  TO
THIS  SECTION,  THE  SUPERINTENDENT  SHALL  FIRST FOCUS ON CITIES WITH A
POPULATION  OF  MORE  THAN  NINETEEN  THOUSAND  FORTY  BUT   LESS   THAN
TWENTY-FIVE  THOUSAND HAVING HAD A DECREASE IN TRAFFIC DENSITY AND ACCI-
DENTS, WHICH ARE GEOGRAPHICALLY CONTIGUOUS WITH A CITY WITH A POPULATION
OF MORE THAN TWO HUNDRED NINETY-TWO THOUSAND SIX HUNDRED FORTY-EIGHT BUT
LESS THAN THREE HUNDRED FIFTY THOUSAND.
  (4) THE SUPERINTENDENT SHALL REPORT TO THE GOVERNOR AND  THE  LEGISLA-
TURE ON SUCH REVIEW AND ACTIONS TAKEN PURSUANT TO THIS SUBSECTION.
  S 2. The review required by section one of this act shall be completed
by  July  first  in  the year next succeeding the year in which it shall

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

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