NY S01700

Prohibits motor vehicle liability insurers from increasing policy premiums solely because an insured had an accident resulting in no more than $2,000 in property damage with no bodily injury, unless the insured had more than one accident during the rating period

Permits insurers to impose surcharges for minor accidents if they resulted in bodily injury or if the insured had multiple accidents within the merit rating experience period

Maintains existing prohibitions on surcharges for most traffic infractions, with exceptions for serious violations including speeding over 15 mph above the limit, DWI/drug impairment, reckless driving causing injury, racing, unlicensed operation, and insurance fraud

Continues existing protections against surcharges for temporary or indefinite driver's license suspensions and accidents while operating a commercial vehicle in the course of employment (unless caused by intentional action or gross negligence)

Takes effect 120 days after enactment and applies only to policies entered into, modified, or renewed on or after the effective date