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NY S00338
Bill
Status
6/20/2014
Primary Sponsor
John DeFrancisco
Click for details
AI Summary
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Amends Insurance Law Section 2610 to prohibit insurers from limiting motor vehicle damage claim payments based on pricing caps for labor, parts, paint, or repair materials.
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Requires all claim elements for vehicle damage to be negotiated between the insurer and the insured (or their representative) through a duly licensed appraiser.
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Mandates that if an insurer recommends a repair facility and the claimant accepts, the insurer must restore the vehicle to its pre-loss condition at no additional cost to the claimant (except policy deductibles).
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Requires insurers to provide claimants with a signed notice in at least 10-point type informing them they cannot be required to use a particular repair shop and have the right to choose their own repair facility.
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Takes effect January 1st following enactment and applies to all insurance policies issued, renewed, modified, altered, or amended on or after that date.
Legislative Description
Prohibits insurers from limiting payment on claims for damage to motor vehicles based on pricing caps for labor, parts, paint or repair materials; prohibits insurers from recommending a particular repair facility; and requires insurers to provide and retain a signed notice to claimants in relation to insured's right to have a vehicle repaired in the shop of his/her choice.
Last Action
referred to insurance
6/23/2014