Bill S4175-2011

Authorizes insurance premium reductions for non-commercial private passenger vehicles retrofitted with daytime running lamps

Authorizes insurance premium reductions for non-commercial private passenger vehicles equipped with retrofitted daytime running lamps; requires commissioner to promulgate by rule, qualifications and standards for the installation of such lamps.

Details

Actions

  • Jan 4, 2012: REFERRED TO INSURANCE
  • Mar 22, 2011: REFERRED TO INSURANCE

Memo

BILL NUMBER:S4175

TITLE OF BILL:

An act to amend the insurance law, in relation to authorizing insurance premium reductions for private passenger vehicles retrofitted with daytime running lamps

PURPOSE:

This bill would authorize an actuarially appropriate premium discount on automobile insurance for vehicles that are retrofitted with daytime running lamps, and establish a standard for retrofitted daytime running lamps that would require prior approval by the Superintendent of Insurance, in consultation with the Division.

SUMMARY OF PROVISIONS:

Amends Insurance Law section 2336(g) to provide that all private passenger automobile insurers are authorized to offer an actuarially appropriate premium discount for auto insurance coverage for motor vehicles that are retrofitted with daytime running lamps. Further, that the Superintendent, after consulting with the Department of Motor Vehicles, shall promulgate by rule, qualifications and standards for the installation of such lamps. The purpose of establishing qualifications for the installation of retrofitted lamps is so that this equipment is properly installed.

JUSTIFICATION:

New vehicles are equipped with daytime running lamps, installed in the factory at the time of production. Many insurance companies offer discounts to their customers for having daytime running lamps because they have been demonstrated to increase visibility on the road and thereby improve safety. This bill would require the Superintendent of Insurance to establish a standard for older vehicles, which are not equipped with factory-installed daytime running lamps, to retrofit vehicles with daytime running lamps to be installed by qualified auto body shops or car dealerships. Establishing such a standard would ensure that these daytime running lamps meet a state-approved standard and would facilitate the provision of similar discounts to owners of older vehicles.

LEGISLATIVE HISTORY:

2009-2010: A.317 2007-2008: A.5512 2005-2006: A.10758

FISCAL IMPLICATIONS:

Undetermined.

EFFECTIVE DATE:

This act shall take effect on the first of January next succeeding the date on which it shall have become a law and shall apply to all policies issued, renewed or amended on or after such date.


Text

STATE OF NEW YORK ________________________________________________________________________ 4175 2011-2012 Regular Sessions IN SENATE March 22, 2011 ___________
Introduced by Sen. DeFRANCISCO -- 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 authorizing insurance premium reductions for private passenger vehicles retrofitted with daytime running lamps THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (g) of section 2336 of the insurance law, as added by chapter 362 of the laws of 1995, is amended to read as follows: (g) Any schedule or rating plan for non-commercial private passenger automobile insurance shall, WITH RESPECT TO AUTOMOBILES EQUIPPED WITH FACTORY INSTALLED DAYTIME RUNNING LAMPS, AND MAY, WITH RESPECT TO AUTO- MOBILES EQUIPPED WITH RETROFITTED DAYTIME RUNNING LAMPS, also provide for an actuarially appropriate reduction in premium charges for bodily injury liability, property damage liability, personal injury protection, medical payments and collision coverage [with respect to automobiles equipped with factory installed daytime running lamps (DRL)]. SUCH RETROFITTED LAMPS SHALL BE DESIGNED TO REDUCE ACCIDENTS BY INCREASING VEHICLE VISIBILITY AND MUST BE APPROVED BY THE SUPERINTENDENT. FURTHER, THE SUPERINTENDENT SHALL, AFTER CONSULTING WITH THE COMMISSIONER OF MOTOR VEHICLES, PROMULGATE BY RULE QUALIFICATIONS AND STANDARDS FOR THE INSTALLATION OR RETROFITTING OF SUCH LAMPS. S 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law and shall apply to all policies issued, renewed or amended on or after such date.

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