Loading chat...
NY A02518
Bill
Status
Introduced
1/26/2023
Primary Sponsor
Alicia Hyndman
Click for details
AI Summary
- Increases minimum bodily injury liability coverage from $25,000 to $250,000 per person and from $50,000 to $500,000 per accident under Vehicle and Traffic Law Section 311
- Increases minimum death liability coverage from $50,000 to $500,000 per person and from $100,000 to $1,000,000 per accident under Vehicle and Traffic Law Section 311
- Increases minimum property damage liability coverage from $10,000 to $25,000 per accident under Vehicle and Traffic Law Section 311
- Updates corresponding minimum coverage requirements for motor vehicle liability policies, uninsured motorist coverage, and financial security deposits to match the increased limits
- Takes effect 180 days after enactment
Legislative Description
Increases the minimum insurance coverage requirements for automobiles registered and/or operated within the state of New York.
Last Action
referred to insurance
1/3/2024
Committee Referrals
Insurance1/26/2023
Full Bill Text
No bill text available