Bill Text: NY S05764 | 2023-2024 | General Assembly | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Requires third party verification of driving history when used as a rating or underwriting factor for private passenger motor vehicle insurance.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Passed) 2023-12-22 - APPROVAL MEMO.87 [S05764 Detail]

Download: New_York-2023-S05764-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          5764

                               2023-2024 Regular Sessions

                    IN SENATE

                                     March 15, 2023
                                       ___________

        Introduced  by  Sen. BRESLIN -- 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 using driving  history
          as a rating or underwriting factor for private passenger motor vehicle
          insurance

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

     1    Section 1. The insurance law is amended by adding a new  section  2618
     2  to read as follows:
     3    §  2618.  Verification  of driving history. No insurer who utilizes an
     4  applicant's driving history as  a  rating  or  underwriting  factor  for
     5  private  passenger  motor  vehicle  insurance  in the state shall bind a
     6  policy of insurance, or accept a down  payment  for  a  policy,  without
     7  first verifying said applicant's driving history, as well as the driving
     8  history  of  all  named-drivers  listed  by the applicant on the private
     9  passenger motor vehicle insurance application,  through  the  use  of  a
    10  reliable third party database.
    11    §  2.  This  act shall take effect on the ninetieth day after it shall
    12  have become a law and shall apply to policies issued, renewed  or  modi-
    13  fied  on or after such date. Effective immediately, the addition, amend-
    14  ment and/or repeal of any rule or regulation necessary to implement  the
    15  provisions  of  this act on its effective date are authorized to be made
    16  on or before such date.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09439-02-3