Requires liability insurance rate reductions of 10% upon completion of a boating safety course or 15% upon completion of an advanced boating safety course.
TITLE OF BILL: An act to amend the navigation law and the insurance law, in relation to insurance rate reductions upon completion of a boating safety course or an advanced boating safety course
PURPOSE: To provide for boating liability insurance reductions for those who take boater safety courses.
SUMMARY OF PROVISIONS: Section 1 amends section 78-a of the Navigation Law by providing the authority for insurance carriers to extend a minimum of a 10% reduction of liability insurance rates for boat owners who complete basic boating safety courses and 15% reduction for those who take advanced boating safety courses.
Section 2 amends the Insurance Law by adding a new section 2326-B providing that rate schedules submitted to the Commissioner for boat liability insurance shall include premium reductions of at least 10% and 15% respectively when owners complete basic or advanced boating courses. This legislation would not apply to those cases in which mandatory courses are taken in response to boating infractions.
JUSTIFICATION: Owning and operating a pleasure boat can provide many hours of enjoyment and summertime pleasure. However, there are many perils and responsibilities which arise when a boat leaves the dock not only from the elements but also from other water craft. There are rules and basic procedures which boat operators should know and observe. This bill would provide an incentive to learn and follow those safety rules and procedures by giving owners who complete basic or advanced boating safety courses a minimum 10% or 15% percent reduction in boating liability insurance.
LEGISLATIVE HISTORY: 2012: S.7855
FISCAL IMPLICATIONS: None to the State.
EFFECTIVE DATE: Immediately and shall apply to all policies and contracts issued, modified or altered on and after such effective date.
STATE OF NEW YORK ________________________________________________________________________ S. 2022 A. 1930 2013-2014 Regular Sessions S E N A T E - A S S E M B L Y (PREFILED) January 9, 2013 ___________IN SENATE -- Introduced by Sen. LAVALLE -- read twice and ordered print- ed, and when printed to be committed to the Committee on Cultural Affairs, Tourism, Parks and Recreation IN ASSEMBLY -- Introduced by M. of A. THIELE -- read once and referred to the Committee on Insurance AN ACT to amend the navigation law and the insurance law, in relation to insurance rate reductions upon completion of a boating safety course or an advanced boating safety course THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 78-a of the navigation law, as added by chapter 160 of the laws of 1990 and as further amended by section 104 of part A of chapter 62 of the laws of 2011, is amended to read as follows: S 78-a. Insurance rate reduction. Any insurance carrier licensed to issue yacht or boating liability insurance in this state is authorized to grant rate reductions with the approval of the department of finan- cial services to any owner of a yacht or boat who has successfully completed a boating safety course OR AN ADVANCED BOATING SAFETY COURSE or holds a valid United States Coast Guard operators license. IN NO EVENT SHALL THE RATE REDUCTION BE LESS THAN TEN PERCENT FOR ANY INSURED WHO HAS COMPLETED A BOATING SAFETY COURSE AND FIFTEEN PERCENT FOR ANY INSURED WHO HAS COMPLETED AN ADVANCED BOATING SAFETY COURSE. S 2. The insurance law is amended by adding a new section 2336-b to read as follows: S 2336-B. BOAT LIABILITY INSURANCE RATES; PREMIUM REDUCTIONS IN CERTAIN CASES. (A) ANY SCHEDULE OF RATES OR RATING PLAN FOR BOAT LIABIL- ITY INSURANCE SUBMITTED TO THE SUPERINTENDENT SHALL PROVIDE FOR AN APPROPRIATE REDUCTION IN PREMIUM CHARGES, AS DESCRIBED IN SECTION SEVEN- TY-EIGHT-A OF THE NAVIGATION LAW, FOR ANY INSURED WHO HAS SUCCESSFULLYEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03489-01-3 S. 2022 2 A. 1930
COMPLETED A BOATING SAFETY COURSE OR AN ADVANCED BOATING SAFETY COURSE WHICH MEETS THE REQUIREMENTS OF PART FIVE OF ARTICLE FOUR OF THE NAVIGA- TION LAW AND HAS BEEN APPROVED BY THE COMMISSIONER OF PARKS, RECREATION AND HISTORIC PRESERVATION. THE PROVISIONS OF THIS SECTION SHALL NOT APPLY TO ATTENDANCE AT A COURSE PURSUANT TO SECTIONS FORTY-FIVE OR FORTY-NINE OF THE NAVIGATION LAW AS A RESULT OF ANY BOATING INFRACTION. (B) FOR THE PURPOSES OF THIS SECTION THE TERM "BOAT" SHALL MEAN ANY RESIDENTIAL OR PLEASURE VESSEL THAT IS NOT A CREW RACING SHELL AS DEFINED IN SECTION TWO OF THE NAVIGATION LAW. S 3. This act shall take effect immediately and shall apply to all policies and contracts issued, renewed, modified or altered on and after such effective date.