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NY A10206
Bill
Status
Introduced
2/12/2026
Primary Sponsor
Jonathan Rivera
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AI Summary
- Directs the New York State Department of Financial Services superintendent to conduct a study on rising motor vehicle insurance costs in the state
- Study must evaluate no-fault reform policies enacted in other states
- Analysis must examine factors driving insurance cost increases, including fraudulent claims and increased labor costs for vehicle maintenance and repair
- Study must identify opportunities for legislative reform related to reducing statutes of limitation and capping jury awards
- Final report with recommendations for lowering insurance costs must be completed and posted on the DFS website by September 30, 2027
Legislative Description
Directs the New York state department of financial services to conduct a study on the rising costs of motor vehicle insurance in the state which shall include certain analyses and recommendations.
Last Action
referred to insurance
2/12/2026
Committee Referrals
Insurance2/12/2026
Full Bill Text
No bill text available