Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Sep 20, 2010 |
referred to rules |
Senate Bill S8489
2009-2010 Legislative Session
Sponsored By
(R, C, IP) Senate District
Archive: Last Bill Status - In Senate Committee Rules Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
2009-S8489 (ACTIVE) - Details
2009-S8489 (ACTIVE) - Summary
Relates to motorcycle insurance policies and requires owners' policies of liability to inform the insured that motor vehicle no-fault insurance does not apply to motorcycles and that state uninsured motorist coverage is available in the alternative; requires the insured to sign a statement if the insured does not choose the state uninsured motorist coverage.
2009-S8489 (ACTIVE) - Sponsor Memo
BILL NUMBER:S8489 TITLE OF BILL: An act to amend the insurance law, in relation to motorcycle insurance policies PURPOSE OF BILL: To ensure that the owners of motorcycles are aware that automobile no fault Insurance law does not apply to motorcycles and that New York State underinsured motorist coverage is available. SUMMARY OF PROVISIONS: Section 1 - Provides that insurance companies provide policy language advising motorcyclists that no fault insurance provisions for automo- biles do not apply to motorcycles and that, as an alternative, state underinsured motorist coverage is available; and requires that motorcy- clists who refuse state underinsured motorist coverage sign a statement confirming they were informed of the availability of that coverage. Section 2 - Sets the effective date. JUSTIFICATION: Motorcyclists currently do not have coverage for actual damages and lost wages if they do not possess State underinsured motorist coverage which puts assets at risk and/or leaves judgments for damages unpaid. This bill will encourage motorcyclists to obtain this insurance by
2009-S8489 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8489 I N S E N A T E September 20, 2010 ___________ Introduced by Sen. DeFRANCISCO -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the insurance law, in relation to motorcycle insurance policies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 5103 of the insurance law is amended by adding a new subsection (f-1) to read as follows: (F-1) EVERY OWNER'S POLICY OF LIABILITY INSURANCE ISSUED ON A MOTORCY- CLE IN SATISFACTION OF THE REQUIREMENTS OF ARTICLE SIX OR EIGHT OF THE VEHICLE AND TRAFFIC LAW OR SECTION TWENTY-FOUR HUNDRED SEVEN OF SUCH LAW SHALL: (1) INFORM THE INSURED THAT NO-FAULT INSURANCE PROVISIONS FOR AUTOMO- BILES OR MOTOR VEHICLES DO NOT APPLY TO MOTORCYCLES AND THAT STATE UNDE- RINSURED MOTORIST COVERAGE IS AVAILABLE, AND THAT THE LACK OF NO-FAULT INSURANCE UNDER SOME CIRCUMSTANCES CAN BE OFFSET BY THE PURCHASE OF STATE UNDERINSURED MOTORIST COVERAGE, SINCE DAMAGES MAY EXCEED TWENTY-FIVE THOUSAND DOLLARS, WHICH IS THE AMOUNT OF COVERAGE REQUIRED BY LAW; AND (2) REQUIRE THAT MOTORCYCLISTS WHO REFUSE THE STATE UNDERINSURED MOTORIST COVERAGE SIGN A STATEMENT SAYING THAT THEY WERE INFORMED OF THE AVAILABILITY OF SUCH AND CHOSE NOT TO OBTAIN SUCH COVERAGE. S 2. This act shall take effect on the one hundred twentieth day after it shall have become a law; provided that any rules and regulations necessary to implement the provisions of this act on its effective date are authorized and directed to be promulgated and shall become effective on such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD18033-02-0
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