Bill Text: NY S04201 | 2017-2018 | General Assembly | Introduced

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Bill Title: Relates to prohibiting rate variations of over ten percent between counties within the city of New York for non-business private passenger automobiles.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2018-01-03 - REFERRED TO INSURANCE [S04201 Detail]

Download: New_York-2017-S04201-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          4201
                               2017-2018 Regular Sessions
                    IN SENATE
                                    February 6, 2017
                                       ___________
        Introduced  by  Sen.  DILAN  -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance
        AN ACT to amend the insurance law, in relation to prohibiting  insurance
          rate  variations  of more than ten percent between counties within the
          city of New York for non-business private passenger automobiles
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subsection  (a)  of  section 2307 of the insurance law is
     2  amended to read as follows:
     3    (a) (1) No insurer or rate service organization  shall  use  a  rating
     4  classification  or  territory  unless  it has been filed with the super-
     5  intendent and either he or she has approved  it,  or  ninety  days  have
     6  elapsed  and he or she has not disapproved it as unfairly discriminatory
     7  or violative of public policy.
     8    (2) Notwithstanding any other provision of law, with respect  to  non-
     9  business  private passenger automobile insurance policies, no insurer or
    10  rate service organization shall use, apply for or file with  the  super-
    11  intendent for approval any rates that apply to rating territories within
    12  the city of New York that provide for rate variations between any county
    13  within the city of New York of more than ten percent.
    14    §  2.  This  act  shall take effect immediately and shall apply to all
    15  policies of insurance altered, amended, issued or renewed  on  or  after
    16  such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09224-01-7