Requires that any schedule of rates or rating plan for non-commercial private passenger automobile insurance coverage submitted to the superintendent of financial services shall provide for an appropriate reduction in premium charges for any insured participating in an official police department program or other program designed to prevent or reduce motor vehicle theft.
TITLE OF BILL: An act to amend the insurance law, in relation to motor vehicle insurance rate reductions for participation in certain anti-theft programs
PURPOSE OR GENERAL IDEA OF BILL: To enable consumers to receive automobile insurance premium reductions for the installation of anti-theft devices on their vehicles.
SUMMARY OF SPECIFIC PROVISIONS: Section 2336 of the insurance law is amended by adding a new subsection (i) and Section 2342 of the insurance law as amended by chapter 102 of the laws of 2011 is amended.
Subsection (i) provides for automobile insurance premium reductions for drivers who are participating in an official police department program designed to prevent or reduce motor vehicle theft. The rates will continue to be based on schedules submitted to the Superintendent of Insurance by the insurers issuing policies.
JUSTIFICATION: Current law provides for automobile insurance premium reductions for persons whose vehicles have homing devices or auto glass etching to aid in the recovery of stolen vehicles. This legislation would expand this provision to drivers who participate in approved anti-theft programs. Various anti-theft devices have proven to be deterrents to auto theft. These include special locks, fuel cut-off devices, alarms and similar equipment. In addition, a program called the Combat Auto Theft (C.A.T.) Police Decal Program has substantially reduced theft among participating motorists in New York City. The plan allows a police officer to ask for the driver's license and registration of any individual operating the vehicle between the hours of 1 AM and 5 AM (when most thefts occur).
SUPPORT: Millions of automobile owners in New York State would be strong supporters of this legislation, and would benefit from its provision.
PRIOR LEGISLATIVE HISTORY: This bill was previously introduced.
FISCAL IMPLICATIONS TO THE STATE: None.
EFFECTIVE DATE: This act shall take effect immediately provided that subsection (i) of section 2336 of the insurance law, added by section one of this act, shall be subject to, and shall expire in accordance with, section 2342 of the insurance law, as from time to time amended.
STATE OF NEW YORK ________________________________________________________________________ 827--A 2011-2012 Regular Sessions IN SENATE (PREFILED) January 5, 2011 ___________Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- recommitted to the Committee on Insurance in accordance with Senate Rule 6, sec. 8 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law, in relation to motor vehicle insur- ance rate reductions for participation in certain anti-theft programs THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2336 of the insurance law is amended by adding a new subsection (i) to read as follows: (I) ANY SCHEDULE OR RATING PLAN FOR NON-COMMERCIAL PRIVATE PASSENGER AUTOMOBILE INSURANCE SHALL PROVIDE FOR AN APPROPRIATE REDUCTION IN PREMIUM CHARGES FOR COMPREHENSIVE COVERAGE WITH RESPECT TO ANY INSURED VEHICLE ENROLLED BY THE OWNER IN THE "COMBAT AUTO THEFT (C.A.T.) PROGRAM" OR ANY OTHER MOTOR VEHICLE THEFT PREVENTION PROGRAM ESTABLISHED PURSUANT TO SECTION TWO HUNDRED TWENTY-THREE OF THE VEHICLE AND TRAFFIC LAW, IN ANY MUNICIPALITY PARTICIPATING IN SUCH PROGRAM. S 2. Section 2342 of the insurance law, as amended by chapter 102 of the laws of 2011, is amended to read as follows: S 2342. Expiration of certain provisions. The provisions of subsection (c) of section two thousand three hundred seven, section two thousand three hundred eight, subsection (a) of section two thousand three hundred ten, sections two thousand three hundred sixteen, two thousand three hundred twenty, two thousand three hundred twenty-three, two thou- sand three hundred twenty-six, and two thousand three hundred thirty- five,
[subsection]SUBSECTIONS (b) AND (I) of section two thousand three hundred thirty-six and section two thousand three hundred forty-one of this article shall cease to be of any force or effect during the period August third, two thousand one through the day before the effective dateEXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03423-02-1 S. 827--A 2
of the property/casualty insurance availability act, and after June thirtieth, two thousand fourteen. S 3. This act shall take effect immediately, provided that subsection (i) of section 2336 of the insurance law, as added by section one of this act, shall be subject to, and shall expire in accordance with, section 2342 of the insurance law, as from time to time amended.