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History
- Referred to insurance
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to prohibiting rate variations of over ten percent between counties within the city of New York for nonbusiness private passenger automobiles
In Assembly Committee · Insurance · Sponsor Vito Lopez
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the insurance law, in relation to prohibiting insurance rate variations of more than ten percent between counties within the city of New York for non-business private passenger automobiles
Purpose or general idea of bill
The purpose of this bill is to make private passenger automobile insurance more affordable for certain New York City residents.
Summary of specific provisions
This bill would, with respect to private passenger automobile insurance, prohibit any insurer or rate service organization from using, applying for or filing with the superintendent for approval any rates that apply to rating territories within the city of New York that provide for rate variations between any county within the city of more than ten percent.
Justification
Currently, New York City residents are paying the highest auto insurance premiums in the State. There are some policyholders residing in certain boroughs of the city of New York that are forced to pay much higher premiums than policyholders within the same risk classification that reside in a different section or borough of the city. This bill would help lower the cost of insurance for those residents in certain areas of the City who may be unable to afford coverage simply because of their geographical location.
Prior legislative history
S.496 in the 2007/08 Session - Died in Committee A.948 in the 2007/08 Session - Died in Committee A.2131 in the 2005/06 Session A.5568 in the 2003/04 Session A.9305 in the 2001/02 Session
Fiscal implications for state and local governments
None to the State.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.