Bill
Bill > A01265
NY A01265
NY A01265Prohibits 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
01/08/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
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)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/A1265 | 01/09/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A01265&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01265 | 01/09/2021 |
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