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NY A00948
Bill
Status
1/11/2023
Primary Sponsor
Jonathan Jacobson
Click for details
AI Summary
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Increases minimum liability insurance coverage for bodily injury from $25,000 to $50,000 per person in any one accident.
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Increases minimum liability insurance coverage for death from $50,000 to $100,000 for one person and from $100,000 to $200,000 for two or more persons in any one accident.
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Increases minimum property damage liability coverage from $10,000 to $25,000 per accident.
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Increases financial security deposit requirements from $25,000 to $50,000 for motor vehicles registered in New York.
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Takes effect immediately upon enactment.
Legislative Description
Increases the minimum insurance coverage required for motor vehicles registered and/or operated within the state of New York; for injury or death to one person in any one accident, increases the limits required from $25,000 to $50,000 for bodily injury and from $50,000 to $100,000 for death, for injury or death to more than one person in any one accident, increases the limits required from $50,000 to $100,000 for bodily injury and from $100,000 to $200,000 for death, and for third party property damage in any one accident, increases the limits required from $10,000 to $25,000.
Last Action
referred to insurance
1/3/2024