NY A10784

Requires supplementary uninsured/underinsured motorists (SUM) insurance coverage to equal the bodily injury liability limits of the auto insurance policy, eliminating previous maximum caps of $250,000-$500,000.

Allows insureds to reject SUM coverage through signed writing, audio recording, electronic signature, or other documented means, with rejection memorialized by the insurer.

Mandates insurers provide detailed written notices at policy sale and annually at renewal in 12-point bold type explaining SUM coverage protects against uninsured or underinsured drivers and that coverage equals bodily injury liability limits unless lower limits are requested or coverage is rejected.

Requires verbal rejections or selections to be confirmed by the insurer or agent reading substantially similar language and obtaining the insured's verbal confirmation of understanding.

Authorizes the superintendent to prohibit durable medical equipment providers from demanding payment for a specified period if they engage in fraudulent billing, bill for equipment not provided or unnecessary, commit fraudulent insurance acts, refuse to cooperate with investigations, or violate insurance regulations; requires the superintendent to maintain and publicly disclose a database of prohibited providers.