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NY S06455
Bill
Status
6/19/2018
Primary Sponsor
John DeFrancisco
Click for details
AI Summary
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Amends Insurance Law Section 5103 to add new subsection (f-1) requiring all motorcycle liability insurance policies to inform insureds that no-fault insurance provisions applicable to automobiles do not apply to motorcycles.
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Mandates disclosure that state underinsured motorist coverage is available as an alternative to no-fault insurance.
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Requires notification that damages in motorcycle accidents may exceed $25,000, the minimum liability coverage amount required by law.
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Takes effect 120 days after becoming law, with implementing regulations authorized to be promulgated and effective on the same date.
Legislative Description
Relates to motorcycle insurance policies and requires owners' policies of liability to inform the insured that motor vehicle no-fault insurance does not apply to motorcycles and that state uninsured motorist coverage is available in the alternative.
Last Action
referred to insurance
6/19/2018