Bill Text: NY A07895 | 2019-2020 | General Assembly | Introduced

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Bill Title: Relates to insurance rates, rating plans, rating rules and rate manuals for livery drivers; provides no such rate shall be approved by the superintendent if it is over 20% the rate used for equivalent black car operators.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2020-07-06 - enacting clause stricken [A07895 Detail]

Download: New_York-2019-A07895-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          7895

                               2019-2020 Regular Sessions

                   IN ASSEMBLY

                                      May 28, 2019
                                       ___________

        Introduced by M. of A. CRESPO -- read once and referred to the Committee
          on Insurance

        AN  ACT  to  amend  the  insurance  law, in relation to insurance rates,
          rating plans, rating rules and rate manuals for livery drivers

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. Section 2328 of the insurance law, as amended by chapter 69
     2  of the laws of 2017, is amended to read as follows:
     3    §  2328.  Certain  motor vehicle insurance rates; prior approval.  (a)
     4  For the periods February first, nineteen  hundred  seventy-four  through
     5  August  second,  two  thousand  one,  and  the  effective  date  of  the
     6  property/casualty insurance availability act through June thirtieth, two
     7  thousand twenty, no changes in rates, rating  plans,  rating  rules  and
     8  rate  manuals  applicable to motor vehicle insurance, including no-fault
     9  coverages under article fifty-one of this chapter, shall be made  effec-
    10  tive  until  approved  by the superintendent, notwithstanding any incon-
    11  sistent provisions of this article; provided, however, that  changes  in
    12  such  rates,  rating  plans,  rating  rules and rate manuals may be made
    13  effective without such approval if  the  rates  that  result  from  such
    14  changes  are  no  higher  than  the insurer's rates last approved by the
    15  superintendent. This section shall apply only to policies covering loss-
    16  es or liabilities arising out of ownership of a motor vehicle used prin-
    17  cipally for the transportation of persons for hire, including a bus or a
    18  school bus as defined in sections  one  hundred  four  and  one  hundred
    19  forty-two of the vehicle and traffic law.
    20    (b)  No insurance rate, rating plan, rating rule or rate manual appli-
    21  cable to a livery driver, as defined under subdivision seven of  section
    22  one  hundred  sixty-aaa  of  the  executive law, which exceeds more than
    23  twenty percent of the amount of an insurance rate, rating  plan,  rating
    24  rule  or rate manual applicable to an otherwise substantially equivalent
    25  black car operator, as defined under  subdivision  one  of  section  one
    26  hundred  sixty-cc  of the executive law, shall be approved by the super-
    27  intendent.
    28    § 2. This act shall take effect immediately.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11793-01-9