assembly Bill A8519A

Signed By Governor
2017-2018 Legislative Session

Relates to limits on certain supplementary insurance

download bill text pdf

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Current Bill Status Via S5644 - Signed by Governor


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

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 18, 2017 approval memo.56
signed chap.490
Dec 06, 2017 delivered to governor
Jun 28, 2017 returned to senate
passed assembly
ordered to third reading rules cal.637
substituted for a8519a
Jun 28, 2017 substituted by s5644b
Jun 21, 2017 amended on third reading (t) 8519a
Jun 20, 2017 ordered to third reading rules cal.637
rules report cal.637
reported
reported referred to rules
Jun 18, 2017 referred to insurance

A8519 - Details

See Senate Version of this Bill:
S5644B
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L

A8519 - Summary

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

A8519 - Bill Text download pdf

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

                                  8519

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                              June 18, 2017
                               ___________

Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
  tee 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] EQUAL 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.
                                                           LBD13267-01-7

A8519A (ACTIVE) - Details

See Senate Version of this Bill:
S5644B
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L

A8519A (ACTIVE) - Summary

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

A8519A (ACTIVE) - Bill Text download pdf

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

                                 8519--A
                                                           R. R. 637

                       2017-2018 Regular Sessions

                          I N  A S S E M B L Y

                              June 18, 2017
                               ___________

Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
  tee on Insurance -- reported and referred to the Committee on Rules --
  amended on the special order of third reading,  ordered  reprinted  as
  amended, retaining its place on the special order of third reading

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-
CIES  OF  ANY  OTHER  MOTOR  VEHICLE  LIABLE FOR DAMAGES ARE IN A LESSER
AMOUNT THAN THE BODILY INJURY LIABILITY  INSURANCE  LIMITS  OF  COVERAGE

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

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