Bill
Bill > A04535
NY A04535
NY A04535Requires the superintendent of financial services to conduct a review of the classification used by authorized insurers in this state issuing auto insurance coverage for commuter vans, ambulette or paratransit vehicles, including coverage in the assigned risk plan; makes related provisions.
summary
Introduced
02/04/2021
02/04/2021
In Committee
06/01/2022
06/01/2022
Crossed Over
06/02/2022
06/02/2022
Passed
11/22/2022
11/22/2022
Dead
Vetoed
11/23/2022
11/23/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Requires the superintendent of financial services to conduct a review of the classification used by authorized insurers in this state issuing auto insurance coverage for commuter vans, ambulette or paratransit vehicles, including coverage in the assigned risk plan; makes related provisions.
AI Summary
This bill requires the Superintendent of Financial Services to conduct a review of the classification used by authorized insurers in New York State for issuing auto insurance coverage for commuter vans, ambulette, or paratransit vehicles, including coverage in the assigned risk plan. The review will examine whether the assumed risks and current classification of these vehicles are appropriate and cost-effective. If the premium for being classified as "other buses" is greater than the premium for being classified as a commuter van or ambulette/paratransit vehicle, the Superintendent must determine whether a new classification should be created and require insurers to use it.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (9)
Vivian Cook (D)*,
Khaleel Anderson (D),
Monique Chandler-Waterman (D),
Inez Dickens (D),
Alicia Hyndman (D),
Chantel Jackson (D),
Diana Richardson (D),
Clyde Vanel (D),
Latrice Walker (D),
Last Action
tabled (on 11/23/2022)
Official Document
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