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NY S03554

Bill

Official Source

Status

Introduced

1/24/2017

Primary Sponsor

James Seward

Click for details

Origin

Senate

2017-2018 General Assembly

AI Summary

  • Amends Insurance Law Section 2324 to permit insurers to offer loss prevention programs that promote safe driving behavior with points-based rewards
  • Requires loss prevention programs to be offered equitably to both members of the general public and the insurer's policyholders
  • Renumbers existing subsections (d) through (f) to (e) through (g) to accommodate the new loss prevention program provision
  • Maintains existing prohibitions on rebating and discrimination in insurance contracts, with limited exceptions for gifts not exceeding $25 in value
  • Takes effect immediately upon enactment

Legislative Description

Ensures that insurers are permitted to offer loss prevention programs as long as such programs are offered to the general public and the insurer's policyholders.

Last Action

COMMITTED TO RULES

6/20/2018

Committee Referrals

Rules6/20/2018
Insurance1/24/2017

Full Bill Text

No bill text available