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NY A05053
Bill
Status
Introduced
2/11/2025
Primary Sponsor
Jonathan Jacobson
Click for details
AI Summary
- Doubles minimum bodily injury liability coverage for one person from $25,000 to $50,000 and death coverage from $50,000 to $100,000 per accident
- Doubles minimum bodily injury liability coverage for multiple persons from $50,000 to $100,000 and death coverage from $100,000 to $200,000 per accident
- Increases minimum property damage liability coverage from $10,000 to $25,000 per accident
- Raises the required financial security deposit for self-insured motorists from $25,000 to $50,000 per vehicle
- Updates Motor Vehicle Accident Indemnification Corporation payment limits to match the new minimum coverage amounts for uninsured/underinsured motorist claims
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
1/7/2026
Committee Referrals
Insurance2/11/2025
Full Bill Text
No bill text available