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NY A09070

Bill

Official Source

Status

Introduced

1/31/2022

Primary Sponsor

Kenneth Blankenbush

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Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends Section 2336 of the New York Insurance Law to require motor vehicle insurance rate schedules to provide premium reductions for policyholders who complete a fraud prevention course
  • Premium reduction applies to motor vehicle liability, comprehensive, collision, and personal injury protection coverages
  • Reduction period lasts for two years following successful completion of the New York auto fraud prevention program
  • Takes effect January 1st following the law's enactment and applies to all policies issued, renewed, modified, altered, or amended on or after that date

Legislative Description

Provides for insurance premium reductions for successful completion of a fraud prevention course, known as the New York auto fraud prevention program.

Last Action

referred to insurance

1/31/2022

Committee Referrals

Insurance1/31/2022

Full Bill Text

No bill text available