Bill Text: NY A08501 | 2013-2014 | General Assembly | Introduced

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2014-01-17 - referred to insurance [A08501 Detail]

Download: New_York-2013-A08501-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8501
                                 I N  A S S E M B L Y
                                   January 17, 2014
                                      ___________
       Introduced  by  M. of A. PEOPLES-STOKES -- read once and referred to the
         Committee on Insurance
       AN ACT to amend the insurance law, in relation to providing for a review
         of certain existing  rating  territory  definitions  for  non-business
         automobile insurance policies
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 2307 of the insurance law is amended  by  adding  a
    2  new subsection (f) to read as follows:
    3    (F)  (1)  NOTWITHSTANDING  ANY OTHER PROVISION OF LAW, WITH RESPECT TO
    4  NON-BUSINESS AUTOMOBILE INSURANCE  POLICIES,  THE  SUPERINTENDENT  SHALL
    5  UNDERTAKE  A  THOROUGH  REVIEW  OF RATING TERRITORY DEFINITIONS AND RATE
    6  IMPLICATIONS OF CURRENT TERRITORIAL DEFINITIONS IN USE  IN  THIS  STATE,
    7  WITH  PARTICULAR  FOCUS  ON CHANGING DEMOGRAPHICS, BORDERLINE ZIP CODES,
    8  TERRITORIAL GROUPINGS, AND ALTERNATIVE APPROACHES TO ACHIEVING HOMOGENE-
    9  ITY.
   10    (2) BASED ON SUCH REVIEW, THE SUPERINTENDENT MAY REQUIRE  INSURERS  TO
   11  ADJUST  EXISTING  OR ESTABLISH NEW TERRITORY DEFINITIONS AND TO USE SUCH
   12  ADJUSTED OR NEW TERRITORIES IN RELATION TO SUCH POLICIES.
   13    (3) WITH RESPECT TO SUCH REVIEW AND ANY REQUIREMENTS MADE PURSUANT  TO
   14  THIS  SECTION,  THE  SUPERINTENDENT  SHALL  FIRST FOCUS ON CITIES WITH A
   15  POPULATION  OF  MORE  THAN  NINETEEN  THOUSAND  FORTY  BUT   LESS   THAN
   16  TWENTY-FIVE  THOUSAND HAVING HAD A DECREASE IN TRAFFIC DENSITY AND ACCI-
   17  DENTS, WHICH ARE GEOGRAPHICALLY CONTIGUOUS WITH A CITY WITH A POPULATION
   18  OF MORE THAN TWO HUNDRED NINETY-TWO THOUSAND SIX HUNDRED FORTY-EIGHT BUT
   19  LESS THAN THREE HUNDRED FIFTY THOUSAND.
   20    (4) THE SUPERINTENDENT SHALL REPORT TO THE GOVERNOR AND  THE  LEGISLA-
   21  TURE ON SUCH REVIEW AND ACTIONS TAKEN PURSUANT TO THIS SUBSECTION.
   22    S 2. The review required by section one of this act shall be completed
   23  by  July  first  in  the year next succeeding the year in which it shall
   24  have become law, and the report required by  section  one  of  this  act
   25  shall  be submitted no later than December thirty-first in the year next
   26  succeeding the year in which it shall have become law.
   27    S 3. This act shall take effect immediately.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD02415-01-3