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Assembly Bill A7649

2015-2016 Legislative Session

In relation to replacement of an automobile which is determined to be a total loss

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Archive: Last Bill Status - In Assembly Committee

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2015-A7649 (ACTIVE) - Details

See Senate Version of this Bill:
S5510
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง3412, Ins L
Versions Introduced in 2017-2018 Legislative Session:
S4463

2015-A7649 (ACTIVE) - Summary

Relates to the right of an insured to find a substantially similar vehicle to replace a vehicle which is determined to be a total loss, within a regional area.

2015-A7649 (ACTIVE) - Bill Text download pdf 

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

                                  7649

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                              May 21, 2015
                               ___________

Introduced  by M. of A. TEDISCO -- read once and referred to the Commit-
  tee on Insurance

AN ACT to amend the insurance law, in  relation  to  replacement  of  an
  automobile which is determined to be a total loss

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

  Section 1. Section 3412 of the insurance law is amended  by  adding  a
new subsection (i) to read as follows::
  (I)  WHENEVER AN INSURER DETERMINES A PRIVATE AUTOMOBILE TO BE A TOTAL
LOSS, THE INSURED SHALL HAVE THE RIGHT TO REPLACE THE AUTOMOBILE WITH  A
SUBSTANTIALLY SIMILAR VEHICLE THAT HE OR SHE LOCATES WITHIN THE REGIONAL
AREA  USING APPROVED VALUATION MANUALS IN DETERMINING THE VALUE OF VEHI-
CLES IN NEW YORK, PROVIDED THAT THE INSURED SHALL BEAR  ANY  TRANSPORTA-
TION COSTS IN OBTAINING SUCH VEHICLE.
  S 2. This act shall take effect on the one hundred eightieth day after
it shall have become a law.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11090-01-5

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