Assembly Bill A9866

2023-2024 Legislative Session

Authorizes the investigation of insurance fraud and fines related to the commission of such crime and combatting motor vehicle theft

download bill text pdf

Sponsored By

Current Bill Status - In Assembly 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

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2023-A9866 (ACTIVE) - Details

See Senate Version of this Bill:
S4035
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§401, 405 & 2133, Ins L; amd §§165.06, 170.10, 170.15, 176.05 & 176.15, add §175.50, Pen L; add §201-a, amd §§401 & 502, V & T L
Versions Introduced in 2021-2022 Legislative Session:
S7134

2023-A9866 (ACTIVE) - Summary

Authorizes the investigation of fraudulent activities with regard to individuals operating motor vehicles without insurance; increases the civil penalty for forging insurance documents; creates the crime of offering a false application for motor vehicle insurance or registration.

2023-A9866 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9866
 
                           I N  A S S E M B L Y
 
                              April 24, 2024
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to  amend the insurance law, the penal law, and the vehicle and
   traffic law, in relation to authorizing the investigation of insurance
   fraud and fines related to the commission of such crime and combatting
   the theft of motor vehicles

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 401 of the insurance law is amended by adding a new
 subsection (d) to read as follows:
   (D)  THE  SUPERINTENDENT SHALL HAVE AUTHORITY PURSUANT TO THIS CHAPTER
 TO INVESTIGATE FRAUDULENT ACTIVITIES WITH  REGARD  TO  INDIVIDUALS  THAT
 OPERATE  MOTOR  VEHICLES  WITH  NO INSURANCE COVERAGE, AND MOTOR VEHICLE
 INSUREDS WHO MISREPRESENT THE PRINCIPAL PLACE WHERE INSURED MOTOR  VEHI-
 CLES  ARE  GARAGED AND OPERATED. OPERATING MOTOR VEHICLES WITHOUT PROPER
 INSURANCE IN VIOLATION OF ARTICLE SIX OF THE VEHICLE AND TRAFFIC LAW  IS
 A SIGNIFICANT DANGER TO THE PUBLIC BECAUSE DRIVERS ARE UNABLE TO COMPEN-
 SATE  INDIVIDUALS  FOR PERSONAL INJURIES, DEATH AND PROPERTY DAMAGE THEY
 INFLICT UPON OTHERS.  FURTHERMORE, MOTOR VEHICLE INSUREDS WHO  MISREPRE-
 SENT  THE  PRINCIPAL  PLACE WHERE SUCH VEHICLES ARE GARAGED AND OPERATED
 IMPROPERLY SHIFT THEIR HIGH LIABILITY  EXPOSURE  COSTS  TO  OTHER  MOTOR
 VEHICLE INSUREDS THAT DO NOT FACE SUCH HIGH LIABILITY RISK AND INSURANCE
 PREMIUM COSTS.
   § 2. Subsection (a) of section 405 of the insurance law, as amended by
 section  7  of  part  A of chapter 62 of the laws of 2011, is amended to
 read as follows:
   (a) Any person licensed or registered pursuant to  the  provisions  of
 this  chapter,  and  any  person engaged in the business of insurance or
 life settlement in this state who is exempted from compliance  with  the
 licensing  requirements  of  this chapter, including the state insurance
 fund of this state, who has reason to believe that an  insurance  trans-
 action or life settlement act may be fraudulent, or has knowledge that a
 fraudulent  insurance  transaction  or fraudulent life settlement act is
 about to take place, or has taken place shall, within thirty days  after
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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