Senate Bill S5879

2019-2020 Legislative Session

Relates to insurance rates, rating plans, rating rules and rate manuals for livery drivers

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Insurance Committee


  • 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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2019-S5879 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2328, Ins L

2019-S5879 (ACTIVE) - Summary

Relates to insurance rates, rating plans, rating rules and rate manuals for livery drivers; provides no such rate shall be approved by the superintendent if it is over 20% the rate used for equivalent black car operators.

2019-S5879 (ACTIVE) - Sponsor Memo

2019-S5879 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5879
 
                        2019-2020 Regular Sessions
 
                             I N  S E N A T E
 
                               May 16, 2019
                                ___________
 
 Introduced  by  Sen. SANDERS -- 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  insurance  rates,
   rating plans, rating rules and rate manuals for livery drivers
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 2328 of the insurance law, as amended by chapter 69
 of the laws of 2017, is amended to read as follows:
   § 2328. Certain motor vehicle insurance rates; prior  approval.    (A)
 For  the  periods  February first, nineteen hundred seventy-four through
 August  second,  two  thousand  one,  and  the  effective  date  of  the
 property/casualty insurance availability act through June thirtieth, two
 thousand  twenty,  no  changes  in rates, rating plans, rating rules and
 rate manuals applicable to motor vehicle insurance,  including  no-fault
 coverages  under article fifty-one of this chapter, shall be made effec-
 tive until approved by the superintendent,  notwithstanding  any  incon-
 sistent  provisions  of this article; provided, however, that changes in
 such rates, rating plans, rating rules and  rate  manuals  may  be  made
 effective  without  such  approval  if  the  rates that result from such
 changes are no higher than the insurer's  rates  last  approved  by  the
 superintendent. This section shall apply only to policies covering loss-
 es or liabilities arising out of ownership of a motor vehicle used prin-
 cipally for the transportation of persons for hire, including a bus or a
 school  bus  as  defined  in  sections  one hundred four and one hundred
 forty-two of the vehicle and traffic law.
   (B) NO INSURANCE RATE, RATING PLAN, RATING RULE OR RATE MANUAL  APPLI-
 CABLE  TO A LIVERY DRIVER, AS DEFINED UNDER SUBDIVISION SEVEN OF SECTION
 ONE HUNDRED SIXTY-AAA OF THE EXECUTIVE  LAW,  WHICH  EXCEEDS  MORE  THAN
 TWENTY  PERCENT  OF THE AMOUNT OF AN INSURANCE RATE, RATING PLAN, RATING
 RULE OR RATE MANUAL APPLICABLE TO AN OTHERWISE SUBSTANTIALLY  EQUIVALENT
 BLACK  CAR  OPERATOR,  AS  DEFINED  UNDER SUBDIVISION ONE OF SECTION ONE
 HUNDRED SIXTY-CC OF THE EXECUTIVE LAW, SHALL BE APPROVED BY  THE  SUPER-
 INTENDENT.
   § 2. This act shall take effect immediately.
              

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