| Date of Action |
Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|---|---|
| Jan 31, 2014 |
referred to insurance |
Senate Bill S6512
2013-2014 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
Actions
co-Sponsors
(D) Senate District
2013-S6512 (ACTIVE) - Details
2013-S6512 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6512
TITLE OF BILL: An act to amend the insurance law, in relation to motor-
cycle insurance policies
PURPOSE OR GENERAL IDEA OF BILL:
To ensure that the owners of motorcycles are aware that automobile no
fault Insurance law does not apply to motorcycles and that New York
State underinsured motorist coverage is available.
SUMMARY OF SPECIFIC PROVISIONS:
Section 1 - Provides that insurance companies provide policy language
advising motorcyclists that no fault insurance provisions for automo-
biles do not apply to motorcycles and that, as an alternative, state
under insured motorist coverage is available; and requires that motorcy-
clists who refuse state underinsured motorist coverage sign a statement
confirming they were informed of the availability of that coverage.
Section 2 - Sets the effective date.
JUSTIFICATION:
Motorcyclists currently do not have coverage for actual damages and lost
wages if they do not possess State under insured motorist coverage which
2013-S6512 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K
________________________________________________________________________
6512
I N S E N A T E
January 31, 2014
___________
Introduced by Sen. TKACZYK -- 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 motorcycle insurance
policies
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 5103 of the insurance law is amended by adding a
new subsection (f-1) to read as follows:
(F-1) EVERY OWNER'S POLICY OF LIABILITY INSURANCE ISSUED ON A MOTORCY-
CLE IN SATISFACTION OF THE REQUIREMENTS OF ARTICLE SIX OR EIGHT OF THE
VEHICLE AND TRAFFIC LAW OR SECTION TWENTY-FOUR HUNDRED SEVEN OF SUCH LAW
SHALL INFORM THE INSURED THAT NO-FAULT INSURANCE PROVISIONS FOR AUTOMO-
BILES OR MOTOR VEHICLES DO NOT APPLY TO MOTORCYCLES AND THAT STATE UNDE-
RINSURED MOTORIST COVERAGE IS AVAILABLE, AND THAT THE LACK OF NO-FAULT
INSURANCE UNDER SOME CIRCUMSTANCES CAN BE OFFSET BY THE PURCHASE OF
STATE UNDERINSURED MOTORIST COVERAGE, SINCE DAMAGES MAY EXCEED
TWENTY-FIVE THOUSAND DOLLARS, WHICH IS THE AMOUNT OF COVERAGE REQUIRED
BY LAW.
S 2. This act shall take effect on the one hundred twentieth day after
it shall have become a law; provided that any rules and regulations
necessary to implement the provisions of this act on its effective date
are authorized and directed to be promulgated and shall become effective
on such date.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07025-01-3
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