Assembly Bill A3269

2017-2018 Legislative Session

Relates to allowing reduced deductibles for insurers offering physical damage insurance

download bill text pdf

Sponsored By

Archive: Last 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2017-A3269 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3411, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: A10318
2013-2014: A4371
2015-2016: A3090
2019-2020: A4544
2021-2022: A3062
2023-2024: A2779

2017-A3269 (ACTIVE) - Summary

Relates to deductibles for physical damage insurance.

2017-A3269 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3269
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 27, 2017
                                ___________
 
 Introduced  by  M.  of A. COOK, MORELLE -- read once and referred to the
   Committee on Insurance
 
 AN ACT to amend the insurance law, in relation to deductibles for  phys-
   ical damage insurance
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Subsection (k) of section 3411  of  the  insurance  law  is
 amended to read as follows:
   (k) (1) Each insurer which offers physical damage insurance subject to
 the  provisions of this section shall offer such insurance with a stand-
 ard deductible of two hundred dollars for each occurrence.  The  insured
 shall, however, at the inception of the policy or at the annual anniver-
 sary  date,  or at the time of the replacement or addition of an automo-
 bile, have the option of purchasing a policy with a  lesser  deductible,
 but  in no event may the insurer sell a policy with a deductible of less
 than fifty dollars for fire, theft or comprehensive insurance  coverages
 (one hundred dollars for assigned risk policies issued pursuant to para-
 graph two of subsection (a) of section five thousand three hundred three
 of  this chapter) and one hundred dollars for collision insurance cover-
 age except that window glass coverage may be sold without a  deductible.
 Each  insurer  which  offers  physical  damage  insurance subject to the
 provisions of this section shall also offer  physical  damage  coverages
 with  co-insurance  or  deductible provisions or combinations thereof as
 the superintendent may prescribe, including but not limited  to  deduct-
 ibles  of  two hundred fifty dollars, five hundred dollars and one thou-
 sand dollars.
   (2) NOTWITHSTANDING THE DOLLAR LIMITS FOR DEDUCTIBLES IN PARAGRAPH ONE
 OF THIS SUBSECTION, AN INSURER WHICH OFFERS  PHYSICAL  DAMAGE  INSURANCE
 SUBJECT  TO  THE  PROVISIONS  OF THIS SECTION MAY OFFER A REDUCED DOLLAR
 DEDUCTIBLE, A ZERO DOLLAR DEDUCTIBLE OR  A  DEDUCTIBLE  THAT  DIMINISHES
 OVER TIME AND MAY ULTIMATELY BE REDUCED TO ZERO DOLLARS.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.