Senate Bill S5034

2021-2022 Legislative Session

Enacts a "Comprehensive Motor Vehicle Insurance Rate Reform Act"

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee Finance 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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2021-S5034 (ACTIVE) - Details

Current Committee:
Senate Finance
Law Section:
Executive Law
Laws Affected:
Add Art 44-A §§945 - 947, Exec L; amd §§2305, 2321 & 2329, Ins L; amd §89-d, St Fin L
Versions Introduced in Other Legislative Sessions:
2009-2010: S1694
2011-2012: S6238, S2568
2013-2014: S2702
2015-2016: S1927
2017-2018: S2297
2019-2020: S4149
2023-2024: S6135

2021-S5034 (ACTIVE) - Summary

Enacts the comprehensive motor vehicle insurance rate reform act; amends provisions applicable to automobile insurance rates including establishing a program for consumer information on insurers and establishing an office of public insurance advocate; revives previously expired provisions of law relating to automobile and property/casualty insurance rates.

2021-S5034 (ACTIVE) - Sponsor Memo

2021-S5034 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5034
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 22, 2021
                                ___________
 
 Introduced  by  Sen.  PARKER -- read twice and ordered printed, and when
   printed to be committed to the Committee on Finance
 
 AN ACT to amend the executive law,  the  insurance  law  and  the  state
   finance  law, in relation to enacting the "Comprehensive Motor Vehicle
   Insurance Rate Reform Act"

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Short  title. This act shall be known and may be cited as
 the "Comprehensive Motor Vehicle Insurance Rate Reform Act".
   § 2.  The executive law is amended by adding a  new  article  44-A  to
 read as follows:
                               ARTICLE 44-A
                    OFFICE OF PUBLIC INSURANCE ADVOCATE
 SECTION 945. OFFICE OF PUBLIC INSURANCE ADVOCATE.
         946. INSURANCE CONSUMER ADVOCATE.
         947. POWERS AND DUTIES.
   § 945. OFFICE OF PUBLIC INSURANCE ADVOCATE. THERE IS HEREBY CREATED IN
 THE  EXECUTIVE  DEPARTMENT  AN  INDEPENDENT OFFICE OF INSURANCE CONSUMER
 ADVOCATE (HEREINAFTER REFERRED TO AS "OFFICE") TO REPRESENT  THE  INTER-
 ESTS OF NONBUSINESS AUTOMOBILE INSURANCE CONSUMERS IN NEW YORK STATE.
   §  946. INSURANCE CONSUMER ADVOCATE. 1.  THE GOVERNOR, WITH THE ADVICE
 AND CONSENT OF THE SENATE, SHALL APPOINT AN INSURANCE CONSUMER  ADVOCATE
 (HEREINAFTER REFERRED TO AS "ADVOCATE") WHO SHALL SERVE AS THE EXECUTIVE
 DIRECTOR  OF THE OFFICE OF INSURANCE CONSUMER ADVOCATE AND SHALL RECEIVE
 AN ANNUAL SALARY TO BE FIXED BY THE GOVERNOR WITHIN THE AMOUNT AVAILABLE
 THEREFOR BY APPROPRIATION.
   2. (A) TO BE ELIGIBLE TO SERVE AS ADVOCATE, A PERSON MUST BE  A  RESI-
 DENT  OF  NEW  YORK STATE. THE ADVOCATE SHALL BE A PERSON WHO HAS DEMON-
 STRATED A STRONG COMMITMENT AND INVOLVEMENT IN EFFORTS TO SAFEGUARD  THE
 RIGHTS  OF  THE  PUBLIC  AND  WHO POSSESSES THE KNOWLEDGE AND EXPERIENCE
 NECESSARY TO PRACTICE EFFECTIVELY IN INSURANCE PROCEEDINGS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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