Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to insurance |
Feb 03, 2017 |
referred to insurance |
Senate Bill S4128
2017-2018 Legislative Session
Sponsored By
(R, C) Senate District
Archive: Last Bill Status - In Senate Committee Insurance 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
Actions
2017-S4128 (ACTIVE) - Details
2017-S4128 (ACTIVE) - Sponsor Memo
BILL NUMBER: S4128 TITLE OF BILL : An act to amend the insurance law, in relation to the effectiveness of flexible rating for nonbusiness automobile insurance plans PURPOSE : The purpose of this bill is to protect consumers from high premium increases by ensuring that the process used to establish rate increases is reviewed on a regular basis. SUMMARY OF PROVISIONS : This legislation would sunset section 2350 of the Insurance Law on June 30, 2020. EXISTING LAW : Amends § 2350 of the Insurance Law. JUSTIFICATION : New York State's automobile insurance premiums are some of the highest in the nation. Since 2008, New York State has used flex rating, a
2017-S4128 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 4128 2017-2018 Regular Sessions I N S E N A T E February 3, 2017 ___________ Introduced by Sen. LARKIN -- 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 the effectiveness of flexible rating for nonbusiness automobile insurance plans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Section 2350 of the insurance law is amended by adding a new subsection (e) to read as follows: (E) THIS SECTION SHALL CEASE TO BE OF ANY FORCE AND EFFECT AFTER JUNE 30, 2020. § 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03989-01-7
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.