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NY A01347
Bill
Status
1/9/2025
Primary Sponsor
Crystal Peoples-Stokes
Click for details
AI Summary
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Requires the Superintendent of Insurance to conduct a thorough review of rating territory definitions for non-business automobile insurance policies, focusing on changing demographics, borderline zip codes, territorial groupings, and alternative approaches to achieving homogeneity
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Authorizes the superintendent to require insurers to adjust existing territory definitions or establish new ones based on the review findings
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Prioritizes review of cities with populations between 19,040 and 25,000 that have experienced decreased traffic density and accidents, and are geographically contiguous with cities having populations between 292,648 and 350,000
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Mandates completion of the review by July 1 of the year following enactment, with a report to the governor and legislature due by December 31 of that same year
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Takes effect immediately upon passage
Legislative Description
Establishes as a distinct territory for purposes of rating private passenger nonbusiness automobile insurance policies, a certain city with a population between 19,040 and 25,000 which is geographically contiguous to a city with a population between 292,648 and 350,000; provides that the superintendent may require insurers to adjust existing or establish new territory definitions based on such review.
Last Action
referred to insurance
1/7/2026