Senate Bill S5644B

Signed By Governor
2017-2018 Legislative Session

Relates to limits on certain supplementary insurance

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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Bill Amendments

2017-S5644 - Details

See Assembly Version of this Bill:
A8519
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5606
2015-2016: S4674

2017-S5644 - Summary

Relates to limits on certain supplementary insurance; requires notice of procedures for rejecting supplementary uninsured/underinsured motorists coverage; new policies.

2017-S5644 - Sponsor Memo

2017-S5644 - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5644
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 24, 2017
                                ___________
 
 Introduced  by  Sen.  SEWARD -- 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  limits  on  certain
   supplementary insurance
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph 2 of subsection (f) of section 3420 of the insur-
 ance law, as separately amended by chapters 547 and 568 of the  laws  of
 1997, is amended to read as follows:
   (2)  (A)  Any  such  policy  shall, at the option of the insured, also
 provide supplementary  uninsured/underinsured  motorists  insurance  for
 bodily  injury, in an amount up to the bodily injury liability insurance
 limits of coverage provided under such policy[, subject to a maximum  of
 two  hundred fifty thousand dollars because of bodily injury to or death
 of one person in any one accident and, subject to  such  limit  for  one
 person,  up to five hundred thousand dollars because of bodily injury to
 or death of two or more persons in  any  one  accident,  or  a  combined
 single  limit  policy of five hundred thousand dollars because of bodily
 injury to or death of one or more persons in any one accident.  Provided
 however,  an  insurer  issuing  such  policy, in lieu of offering to the
 insured  the  coverages  stated   above,   may   provide   supplementary
 uninsured/underinsured  motorists  insurance  for  bodily  injury, in an
 amount up to the bodily injury liability insurance  limits  of  coverage
 provided under such policy, subject to a maximum of one hundred thousand
 dollars  because  of  bodily injury to or death of one person in any one
 accident and, subject to such limit for one person, up to three  hundred
 thousand  dollars  because  of  bodily injury to or death of two or more
 persons in any one accident, or a combined single limit policy of  three
 hundred  thousand dollars because of bodily injury to or death of one or
 more persons in any one accident, if such insurer also makes available a
 personal umbrella policy with liability coverage limits up to  at  least

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

co-Sponsors

2017-S5644A - Details

See Assembly Version of this Bill:
A8519
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5606
2015-2016: S4674

2017-S5644A - Summary

Relates to limits on certain supplementary insurance; requires notice of procedures for rejecting supplementary uninsured/underinsured motorists coverage; new policies.

2017-S5644A - Sponsor Memo

2017-S5644A - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5644--A
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 24, 2017
                                ___________
 
 Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
   printed to be committed to the Committee  on  Insurance  --  committee
   discharged, bill amended, ordered reprinted as amended and recommitted
   to said committee
 
 AN  ACT  to  amend  the  insurance law, in relation to limits on certain
   supplementary insurance

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 2 of subsection (f) of section 3420 of the insur-
 ance  law,  as separately amended by chapters 547 and 568 of the laws of
 1997, is amended to read as follows:
   (2) (A) Any such policy shall, at the  option  of  the  insured,  also
 provide  supplementary  uninsured/underinsured  motorists  insurance for
 bodily injury, in an amount up to the bodily injury liability  insurance
 limits  of coverage provided under such policy[, subject to a maximum of
 two hundred fifty thousand dollars because of bodily injury to or  death
 of  one  person  in  any one accident and, subject to such limit for one
 person, up to five hundred thousand dollars because of bodily injury  to
 or  death  of  two  or  more  persons in any one accident, or a combined
 single limit policy of five hundred thousand dollars because  of  bodily
 injury  to or death of one or more persons in any one accident. Provided
 however, an insurer issuing such policy, in  lieu  of  offering  to  the
 insured   the   coverages   stated   above,  may  provide  supplementary
 uninsured/underinsured motorists insurance  for  bodily  injury,  in  an
 amount  up  to  the bodily injury liability insurance limits of coverage
 provided under such policy, subject to a maximum of one hundred thousand
 dollars because of bodily injury to or death of one person  in  any  one
 accident  and, subject to such limit for one person, up to three hundred
 thousand dollars because of bodily injury to or death  of  two  or  more
 persons  in any one accident, or a combined single limit policy of three
 hundred thousand dollars because of bodily injury to or death of one  or

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

co-Sponsors

2017-S5644B (ACTIVE) - Details

See Assembly Version of this Bill:
A8519
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L
Versions Introduced in Other Legislative Sessions:
2013-2014: S5606
2015-2016: S4674

2017-S5644B (ACTIVE) - Summary

Relates to limits on certain supplementary insurance; requires notice of procedures for rejecting supplementary uninsured/underinsured motorists coverage; new policies.

2017-S5644B (ACTIVE) - Sponsor Memo

2017-S5644B (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  5644--B
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              April 24, 2017
                                ___________
 
 Introduced by Sens. SEWARD, ADDABBO, ALCANTARA, AVELLA -- read twice and
   ordered  printed, and when printed to be committed to the Committee on
   Insurance -- committee discharged, bill amended, ordered reprinted  as
   amended  and  recommitted  to  said committee -- committee discharged,
   bill amended, ordered reprinted as amended  and  recommitted  to  said
   committee
 
 AN  ACT  to  amend  the  insurance law, in relation to limits on certain
   supplementary  insurance;  and  providing  for  the  repeal  of   such
   provisions upon expiration thereof
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Subsection (f) of section 3420  of  the  insurance  law  is
 amended by adding a new paragraph 2-a to read as follows:
   (2-A) (A) NOTWITHSTANDING PARAGRAPH TWO OF THIS SUBSECTION, THIS PARA-
 GRAPH  SHALL  APPLY TO ANY NEW INSURANCE POLICY OR CONTRACT ENTERED INTO
 AFTER THE EFFECTIVE DATE OF THIS PARAGRAPH. THIS PARAGRAPH SHALL NOT  BE
 DEEMED  TO  APPLY  TO  ANY POLICIES ORIGINALLY ENTERED INTO PRIOR TO THE
 EFFECTIVE DATE OF THIS PARAGRAPH, BUT RENEWED AFTER THE  EFFECTIVE  DATE
 OF  THIS  PARAGRAPH.  ANY  NEW INSURANCE POLICY OR CONTRACT ENTERED INTO
 AFTER THE EFFECTIVE DATE OF THIS PARAGRAPH SHALL, AT THE OPTION  OF  THE
 INSURED,  ALSO  PROVIDE  SUPPLEMENTARY  UNINSURED/UNDERINSURED MOTORISTS
 INSURANCE FOR BODILY INJURY, IN AN AMOUNT EQUAL  TO  THE  BODILY  INJURY
 LIABILITY INSURANCE LIMITS OF COVERAGE PROVIDED UNDER SUCH MOTOR VEHICLE
 LIABILITY  INSURANCE  POLICY;  PROVIDED, HOWEVER, THAT ANY NAMED INSURED
 MAY   EXERCISE   THE    CHOICE    TO    DECLINE    SUCH    SUPPLEMENTARY
 UNINSURED/UNDERINSURED  MOTORISTS  INSURANCE OR SELECT A LOWER AMOUNT OF
 COVERAGE THROUGH A WRITTEN WAIVER SIGNED, OR ELECTRONICALLY  SIGNED,  BY
 SUCH  INSURED,  SUBJECT  TO THE REQUIREMENTS OF SUBPARAGRAPH (B) OF THIS
 PARAGRAPH.  SUPPLEMENTARY  UNINSURED/UNDERINSURED  MOTORISTS   INSURANCE
 SHALL PROVIDE COVERAGE, IN ANY STATE OR CANADIAN PROVINCE, IF THE LIMITS
 OF LIABILITY UNDER ALL BODILY INJURY LIABILITY BONDS AND INSURANCE POLI-
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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