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Who cares
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Sponsors
1 Co-sponsor
History
- Substituted by A1003A
- Advanced to third reading
- 2nd report cal.
- Amended 638a
- 1st report cal.111
- Reported and committed to finance
- Referred to insurance
- Committed to rules
- Advanced to third reading
- 2nd report cal.
- 1st report cal.532
- Reported and committed to finance
Show 1 earlier action
- 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.
Requires report due the governor and legislature to include the incidence of misrepresentation by insured of the principal place where vehicles are driven and stored
Signed by Governor · Sponsor Aileen Gunther
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 reporting on motor vehicle insurance fraud
Purpose
To report on the incidence of misrepresentation by insureds as to where the principal places of motor vehicles are garaged and driven, and that such misrepresentation will be considered a fraudulent insurance act.
Summary of provisions
Section 405 of the insurance law is amended to require a report due to the Governor and Legislature which includes the incidence of misrepresentation by insureds of the principal place where motor vehicles are driven and stored.
Justification
Within the Metro areas of New York State, automobile insurance is appropriately higher in relation to the more rural, less populated areas of New York State. The reasons for higher rates of automobile insurance in Metro areas include higher incidents of accidents, theft, and damage. The practice of misrepresenting the place where an automobile is garaged or driven is a dishonest way of reducing the costs paid for insurance. Residents of areas where insurance costs are higher should not be permitted to pay lower rates for automobile insurance based simply on documentation that states their motor vehicle is garaged in an area where insurance costs are lower. This act is causing an imbalance in the insurance pool of some regions in less populated areas of New York State, causing rates for less populated regions to be artificially inflated. This legislation seeks to report on these incidents in order to combat these abuses.
Legislative history
2008: S.188 Advanced to Third Reading/Passed Assembly 2006: S.60 Referred to Insurance/Passed Assembly 2004: S.2086 Referred to Insurance/Passed Assembly
Fiscal implications
Undetermined.
Effective date
This act shall take effect on the one hundred twentieth day after it shall have become law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.