senate Bill S409

2013-2014 Legislative Session

Relates to prohibiting rate variations of over ten percent between counties within the city of New York for nonbusiness private passenger automobiles

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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

S409 - Bill Details

Current Committee:
Law Section:
Insurance Law
Laws Affected:
Amd §2307, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S1344
2009-2010: S1106

S409 - Bill Texts

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Relates to prohibiting rate variations of over ten percent between counties within the city of New York for non-business private passenger automobiles.

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BILL NUMBER:S409

TITLE OF BILL:

An act
to amend the insurance law, in relation to prohibiting insurance rate
variations of more than ten percent between counties within the city of
New York for non-business private passenger automobiles

PURPOSE OR GENERAL IDEA OF BILL:

The purpose of this bill is to make private passenger automobile
insurance more affordable for certain New York City residents.

SUMMARY OF SPECIFIC PROVISIONS:

This bill would, with respect to private passenger automobile
insurance, prohibit any insurer or rate service organization from
using, applying for or filing with the superintendent for approval
any rates that apply to rating territories within the city of New
York that provide for rate variations between any county within the
city of more than ten percent.

JUSTIFICATION:

Currently, New York City residents are paying the highest auto
insurance premiums in the State. There are some policyholders
residing in certain boroughs of the city of New York that are forced
to pay much higher premiums than policyholders within the same risk
classification that reside in a different section or borough of the
city. This bill would help lower the cost of insurance for those
residents in certain areas of the City who may be unable to afford
coverage simply because of their geographical location.

PRIOR LEGISLATIVE HISTORY:

2011/12: S.1344
2009/10: S.1106/A.2367

FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS:

None to the State.

EFFECTIVE DATE:

Immediately.

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

                                   409

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 9, 2013
                               ___________

Introduced  by  Sen.  DILAN  -- 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 prohibiting  insurance
  rate  variations  of more than ten percent between counties within the
  city of New York for non-business private passenger automobiles

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

  Section  1.  Subsection  (a)  of  section 2307 of the insurance law is
amended to read as follows:
  (a) (1) No insurer or rate service organization  shall  use  a  rating
classification  or  territory  unless  it has been filed with the super-
intendent and either he OR SHE has approved  it,  or  ninety  days  have
elapsed  and he OR SHE has not disapproved it as unfairly discriminatory
or violative of public policy.
  (2) NOTWITHSTANDING ANY  OTHER  PROVISION  OF  LAW,  WITH  RESPECT  TO
NON-BUSINESS PRIVATE PASSENGER AUTOMOBILE INSURANCE POLICIES, NO INSURER
OR  RATE  SERVICE  ORGANIZATION  SHALL  USE,  APPLY FOR OR FILE WITH THE
SUPERINTENDENT FOR APPROVAL ANY RATES THAT APPLY TO  RATING  TERRITORIES
WITHIN THE CITY OF NEW YORK THAT PROVIDE FOR RATE VARIATIONS BETWEEN ANY
COUNTY WITHIN THE CITY OF NEW YORK OF MORE THAN TEN PERCENT.
  S  2.  This  act  shall take effect immediately and shall apply to all
policies of insurance altered, amended, issued or renewed  on  or  after
such effective date.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00566-01-3

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