|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|
senate Bill S4155
Current Bill Status - In Senate Committee Rules Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S4155 (ACTIVE) - Details
S4155 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4155 SPONSOR: COMRIE TITLE OF BILL: An act to amend the insurance law, in relation to commuter van classi- fication review PURPOSE OR GENERAL IDEA OF BILL: To require the Department of Financial services to review the classi- fication used by insurers issuing auto insurance coverage to commuter vans. SUMMARY OF PROVISIONS: Section one of this bill would, add a new section 344 to the insurance law. This section would require the Superintendent of the Department of Financial Services to conduct a review of the classification used by authorized insurers issuing auto insurance coverage to commuter vans.
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
Open Legislation comments facilitate discussion of New York State legislation. All comments are subject to moderation. Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity or hate speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Comment moderation is generally performed Monday through Friday.
By contributing or voting you agree to the Terms of Participation and verify you are over 13.