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Sponsors
3 Co-sponsors
History
- Referred to insurance
- Referred to insurance
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S1662
Title of bill
An act to amend the insurance law, in relation to boating liability insurance rates
Purpose
The purpose of this bill is to require that insurance carriers which are licensed to issue yacht or boating liability insurance in this state, grant actuarially appropriate rate reductions to any owner of a yacht or boat who has successfully completed a boating safety course that was approved by the Commissioner of Parks, Recreation and Historic Preservation.
Summary of provisions
Section 1. Adds a new section 2336-b to the Insurance Law to require that any schedule of rates or rating plan for boat liability insurance submitted to the superintendent shall provide for an actuarially appropriate reduction in premium charges for anyone insured who has successfully completed a boating safety course which has been approved by the Commissioner of Parks, Recreation and Historic Preservation. This section shall not apply when attendance at a boating safety course is the result of any boating infraction.
Section 2. Effective date.
Justification
Currently, section 78-a of the Navigation Law authorizes, but does not require, licensed insurance carriers to grant premium reductions to any yacht and boat owner who has successfully completed a boating safety course or holds a valid United States Coast Guard operator's license. Insurance Law § 2336-a authorizes licensed insurance carriers to grant actuarially appropriate rate reductions to any insured person who has successfully completed a snowmobile safety course that has been approved by the Commissioner of Parks, Recreation and Historic Preservation. This legislation do the same for boating insurance.
The noticeable increase in boat traffic within and surrounding New York's waterway has led to an increased potential for boating accidents. Many municipalities have maritime police and patrols and emergency response units, but there is not enough emphasis placed on accident prevention through safety education. The Office of Parks, Recreation and Historic Preservation maintains a list of course offerings across the state.
This legislation would encourage New York boat owners to take boating safety courses by qualifying them for reduced liability insurance premiums. The result will be better educated boaters and safer waterways.
Legislative history
2013-14: S.1644 - Insurance Committee 2012: S.7199/A.6452 - Insurance Committee/Passed Assembly
Fiscal implications
None to state.
Effective date
This act shall take effect immediately and shall apply to all policies and contracts issued, renewed, modified or altered on and after such effective date.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.