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Assembly Bill A8041

2025-2026 Legislative Session

Directs the department of financial services to conduct a study on the fair market value of labor rates for services covered under motor vehicle insurance policies

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2025-A8041 (ACTIVE) - Details

See Senate Version of this Bill:
S8350
Current Committee:
Assembly Ways And Means
Law Section:
Insurance

2025-A8041 (ACTIVE) - Summary

Directs the department of financial services, in consultation with the department of transportation to conduct a study and prepare a report on the fair market value of labor rates for services covered under motor vehicle insurance policies.

2025-A8041 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   8041
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                              April 22, 2025
                                ___________
 
 Introduced by M. of A. KAY -- read once and referred to the Committee on
   Insurance
 
 AN ACT directing the department of financial services to conduct a study
   on  the  fair  market  value of labor rates for services covered under
   motor vehicle insurance policies
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1. The department of financial services, in consultation with
 the department of transportation shall conduct a  study  and  prepare  a
 report  on  the  fair  market  value of labor rates for services covered
 under motor vehicle insurance policies.
   § 2. Within one year of the effective date of this act, the department
 of financial services, in consultation with the department of  transpor-
 tation  shall  issue  a  report  of the findings of the study along with
 recommendations for any appropriate regulatory or legislative actions to
 the governor, the temporary president of the senate and the  speaker  of
 the assembly.
   § 3. This act shall take effect immediately.
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD11619-01-5

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