senate Bill S5644A

2017-2018 Legislative Session

Relates to limits on certain supplementary insurance

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Sponsored By

Current Bill Status - Passed Senate & Assembly


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

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 28, 2017 returned to senate
passed assembly
ordered to third reading rules cal.637
substituted for a8519a
Jun 22, 2017 referred to insurance
Jun 21, 2017 delivered to assembly
passed senate
ordered to third reading cal.2211
committee discharged and committed to rules
Jun 18, 2017 print number 5644b
Jun 18, 2017 amend (t) and recommit to insurance
May 11, 2017 print number 5644a
May 11, 2017 amend and recommit to insurance
Apr 24, 2017 referred to insurance

S5644 - Details

See Assembly Version of this Bill:
A5445A
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L
Versions Introduced in Previous Legislative Sessions:
2015-2016: S4674, A3121
2013-2014: S5606, A6727

S5644 - Summary

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

S5644 - Sponsor Memo

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.
                                                           LBD04852-01-7

Co-Sponsors

S5644A - Details

See Assembly Version of this Bill:
A5445A
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L
Versions Introduced in Previous Legislative Sessions:
2015-2016: S4674, A3121
2013-2014: S5606, A6727

S5644A - Summary

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

S5644A - Sponsor Memo

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.
                                                           LBD04852-02-7

Co-Sponsors

S5644B (ACTIVE) - Details

See Assembly Version of this Bill:
A5445A
Law Section:
Insurance Law
Laws Affected:
Amd §3420, Ins L
Versions Introduced in Previous Legislative Sessions:
2015-2016: S4674, A3121
2013-2014: S5606, A6727

S5644B (ACTIVE) - Summary

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

S5644B (ACTIVE) - Sponsor Memo

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.
                                                           LBD04852-06-7

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