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Sponsors
No co-sponsors yet.
History
- Print number 827a
- Amend and recommit to insurance
- 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.
Provides for reduction in private passenger automobile insurance premiums for participation in an official police department or other anti-theft program
In Assembly Committee · Insurance · Sponsor Keith L.T. Wright
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S827A
Title of bill
An act to amend the insurance law, in relation to motor vehicle insurance rate reductions for participation in certain anti-theft programs
Purpose or general idea of bill
To enable consumers to receive automobile insurance premium reductions for the installation of anti-theft devices on their vehicles.
Summary of specific provisions
Section 2336 of the insurance law is amended by adding a new subsection (i) and Section 2342 of the insurance law as amended by chapter 102 of the laws of 2011 is amended.
Subsection (i) provides for automobile insurance premium reductions for drivers who are participating in an official police department program designed to prevent or reduce motor vehicle theft. The rates will continue to be based on schedules submitted to the Superintendent of Insurance by the insurers issuing policies.
Justification
Current law provides for automobile insurance premium reductions for persons whose vehicles have homing devices or auto glass etching to aid in the recovery of stolen vehicles. This legislation would expand this provision to drivers who participate in approved anti-theft programs. Various anti-theft devices have proven to be deterrents to auto theft. These include special locks, fuel cut-off devices, alarms and similar equipment. In addition, a program called the Combat Auto Theft (C.A.T.) Police Decal Program has substantially reduced theft among participating motorists in New York City. The plan allows a police officer to ask for the driver's license and registration of any individual operating the vehicle between the hours of 1 AM and 5 AM (when most thefts occur).
Support
Millions of automobile owners in New York State would be strong supporters of this legislation, and would benefit from its provision.
Prior legislative history
This bill was previously introduced.
Fiscal implications to the state
None.
Effective date
This act shall take effect immediately provided that subsection (i) of section 2336 of the insurance law, added by section one of this act, shall be subject to, and shall expire in accordance with, section 2342 of the insurance law, as from time to time amended.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.