Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 08, 2020 |
referred to insurance |
May 16, 2019 |
referred to insurance |
Senate Bill S5879
2019-2020 Legislative Session
Sponsored By
(D) 10th Senate District
Archive: Last Bill Status - In Senate Committee Insurance 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
2019-S5879 (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §2328, Ins L
2019-S5879 (ACTIVE) - Sponsor Memo
BILL NUMBER: S5879 SPONSOR: SANDERS TITLE OF BILL: An act to amend the insurance law, in relation to insurance rates, rating plans, rating rules and rate manuals for livery drivers PURPOSE OR GENERAL IDEA OF BILL: This legislation prohibits the Department of Financial Services from approving insurance rates for livery drivers that exceed twenty percent of the insurance rate for an otherwise substantially equivalent black car operator. SUMMARY OF PROVISIONS: Section 1. Section 2328 of the insurance law is amended by adding a new subdivision b. which states: No insurance rates, rating plans, rating rules or rate manuals applicable to a livery driver as defined by execu- tive law § 160-aaa(7) which exceeds more than twenty percent of the amount of an insurance rate, rating plan, rating rule or rate manual
2019-S5879 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5879 2019-2020 Regular Sessions I N S E N A T E May 16, 2019 ___________ Introduced by Sen. SANDERS -- 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 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: Section 1. Section 2328 of the insurance law, as amended by chapter 69 of the laws of 2017, is amended to read as follows: § 2328. Certain motor vehicle insurance rates; prior approval. (A) For the periods February first, nineteen hundred seventy-four through August second, two thousand one, and the effective date of the property/casualty insurance availability act through June thirtieth, two thousand twenty, no changes in rates, rating plans, rating rules and rate manuals applicable to motor vehicle insurance, including no-fault coverages under article fifty-one of this chapter, shall be made effec- tive until approved by the superintendent, notwithstanding any incon- sistent provisions of this article; provided, however, that changes in such rates, rating plans, rating rules and rate manuals may be made effective without such approval if the rates that result from such changes are no higher than the insurer's rates last approved by the superintendent. This section shall apply only to policies covering loss- es or liabilities arising out of ownership of a motor vehicle used prin- cipally for the transportation of persons for hire, including a bus or a school bus as defined in sections one hundred four and one hundred forty-two of the vehicle and traffic law. (B) NO INSURANCE RATE, RATING PLAN, RATING RULE OR RATE MANUAL APPLI- CABLE TO A LIVERY DRIVER, AS DEFINED UNDER SUBDIVISION SEVEN OF SECTION ONE HUNDRED SIXTY-AAA OF THE EXECUTIVE LAW, WHICH EXCEEDS MORE THAN TWENTY PERCENT OF THE AMOUNT OF AN INSURANCE RATE, RATING PLAN, RATING RULE OR RATE MANUAL APPLICABLE TO AN OTHERWISE SUBSTANTIALLY EQUIVALENT BLACK CAR OPERATOR, AS DEFINED UNDER SUBDIVISION ONE OF SECTION ONE HUNDRED SIXTY-CC OF THE EXECUTIVE LAW, SHALL BE APPROVED BY THE SUPER- INTENDENT. § 2. This act shall take effect immediately.
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