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Senate Bill S4201

2017-2018 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 Senate Committee Insurance Committee

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2017-S4201 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2307, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1106
2011-2012: S1344
2013-2014: S409
2015-2016: S2286

2017-S4201 (ACTIVE) - Summary

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

2017-S4201 (ACTIVE) - Sponsor Memo

2017-S4201 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4201
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                             February 6, 2017
                                ___________
 
 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  SUPER-
 INTENDENT 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.
   §  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.
                                                            LBD09224-01-7

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