Bill

Bill > A01265


NY A01265

NY A01265
Prohibits insurers from limiting payment on claims for damage to motor vehicles based on pricing caps for labor, parts, paint or repair materials; prohibits insurers from recommending a particular repair facility.


summary

Introduced
01/08/2021
In Committee
01/05/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

2021-2022 General Assembly

Bill Summary

Prohibits insurers from limiting payment on claims for damage to motor vehicles based on pricing caps for labor, parts, paint or repair materials; prohibits insurers from recommending a particular repair facility.

AI Summary

This bill prohibits insurers from limiting payment on claims for damage to motor vehicles based on pricing caps for labor, parts, paint, or repair materials. Additionally, it prohibits insurers from recommending a particular repair facility. If the insurer recommends a repair facility and the claimant accepts, the insurer must restore the vehicle to its pre-loss condition at no additional cost to the claimant, other than any deductions stated in the policy. If the insurer fails to restore the vehicle, the insurer must have it restored at a shop of the claimant's choice at no additional expense to the claimant.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

referred to insurance (on 01/05/2022)

bill text


bill summary

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