NY S07787

Requires supplementary uninsured/underinsured motorists (SUM) insurance coverage to equal bodily injury liability limits of the auto policy, rather than being optional or subject to lower caps.

Allows insureds to reject SUM coverage through signed writing, audio recording, electronic signature or other documented means, with rejection applying to all insureds under the policy.

Mandates insurers provide a standardized 12-point bold form at time of sale explaining SUM coverage in detail, and requires annual renewal notices; verbal rejections or selections must be memorialized in writing within 60 days.

Creates new section 5109-a authorizing the Superintendent to prohibit durable medical equipment providers from billing insurers for periods determined by the Superintendent if they engage in fraudulent billing, bill for equipment not provided or not necessary, or violate insurance regulations.

Requires the Superintendent to maintain and publicly disclose a database of prohibited durable medical equipment providers.