senate Bill S4155

2021-2022 Legislative Session

Relates to commuter van classification review

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Rules Committee


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

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Actions

view actions (5)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jun 10, 2021 committed to rules
May 24, 2021 advanced to third reading
May 20, 2021 2nd report cal.
May 18, 2021 1st report cal.1160
Feb 02, 2021 referred to insurance

Votes

view votes

May 18, 2021 - Insurance committee Vote

S4155
8
0
committee
8
Aye
0
Nay
3
Aye with Reservations
0
Absent
0
Excused
0
Abstained
show Insurance committee vote details

Insurance Committee Vote: May 18, 2021

aye wr (3)

Co-Sponsors

S4155 (ACTIVE) - Details

See Assembly Version of this Bill:
A4535
Current Committee:
Senate Rules
Law Section:
Insurance Law
Laws Affected:
Add §346, Ins L
Versions Introduced in 2019-2020 Legislative Session:
S8486, A9764

S4155 (ACTIVE) - Summary

Requires the superintendent of financial services to conduct a review of the classification used by authorized insurers in this state issuing auto insurance coverage for commuter vans, including coverage in the assigned risk plan; makes related provisions.

S4155 (ACTIVE) - Sponsor Memo

S4155 (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4155
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 2, 2021
                                ___________
 
 Introduced  by  Sen.  COMRIE -- 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 commuter  van  classi-
   fication review
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. The insurance law is amended by adding a new section 346 to
 read as follows:
   § 346. COMMUTER VAN CLASSIFICATION REVIEW. (A)  FOR  THE  PURPOSES  OF
 THIS SECTION:
   (1) "COMMUTER VAN" SHALL HAVE THE SAME MEANING AS SUCH TERM IS DEFINED
 IN SECTION 19-502 OF THE ADMINISTRATIVE CODE OF THE CITY OF NEW YORK.
   (2)  "ASSIGNED  RISK  PLAN"  OR "PLAN" SHALL MEAN THE PLAN ESTABLISHED
 PURSUANT TO ARTICLE FIFTY-THREE OF THIS CHAPTER.
   (B) THE SUPERINTENDENT SHALL CONDUCT A REVIEW  OF  THE  CLASSIFICATION
 USED  BY AUTHORIZED INSURERS IN THIS STATE ISSUING AUTO INSURANCE COVER-
 AGE FOR COMMUTER VANS, INCLUDING COVERAGE IN  THE  ASSIGNED  RISK  PLAN.
 THIS  REVIEW  SHALL  INCLUDE DETERMINATIONS OF WHETHER COMMUTER VANS ARE
 PROPERLY CLASSIFIED, INCLUDING A REVIEW OF:
   (1) WHETHER THE ASSUMED RISKS USED IN THE CALCULATION OF PREMIUMS  FOR
 COMMUTER VANS BY AUTHORIZED INSURERS ARE APPROPRIATE;
   (2) WHETHER THE CURRENT CLASSIFICATION AND RISK ASSESSMENT OF COMMUTER
 VANS  BY  AUTHORIZED  INSURERS IS THE MOST COST EFFECTIVE CLASSIFICATION
 BASED ON THE ASSUMED RISKS, IF ANOTHER CLASSIFICATION COULD BE MORE COST
 EFFECTIVE, AND A DETAILED ANALYSIS OF THE REASON OR   REASONS  FOR  SUCH
 DIFFERENCES IN COSTS AND THE AVERAGE AMOUNT OF DIFFERENCE IN COSTS; AND
   (3)  THE COST DIFFERENTIAL BETWEEN THE PREMIUM FOR BEING CLASSIFIED AS
 "OTHER BUSES" BY AUTHORIZED INSURERS, AND THE PREMIUM FOR BEING  CLASSI-
 FIED  AS  A COMMUTER VAN WHERE SUCH PREMIUM IS BASED SOLELY ON THE RISKS
 SPECIFIC TO COMMUTER VANS IN SUCH PLAN.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07811-01-1

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