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Sponsors
No co-sponsors yet.
History
- Referred to insurance
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7343
Title of bill
An act to amend the insurance law, in relation to motor vehicle law enforcement fees
Purpose
To reduce the motor vehicle law enforcement fee from ten dollars to five dollars.
Summary of provisions
Amends section 9110 (b) of the insurance law to reduce the motor vehicle law enforcement fee from ten dollars to five dollars.
Justification
The motor vehicle law enforcement fee was originally authorized in 1992 as a one dollar fee on every insured vehicle in the state. The funding was intended to help law enforcement combat insurance related fraud and crime, including auto theft. The goal is that, by committing these resources to cut down on fraud, it should help to keep auto insurance premiums in check. This fee was raised from one dollar to five dollars in 2003, and to ten dollars in 2009. Although the initial goal of the program is a worthy one, only a small portion of the fee actually goes to fight insurance fraud as was the original intent. Unfortunately, these increases have amounted to nothing more than an additional tax on consumers as these resources have not gone towards the original intended goal. As such, it is important that we provide some relief to consumers who have been forced to pay these higher fees.
Legislative history
New bill.
Fiscal implications
To be determined.
Effective date
Thirty days after enactment.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.