Bill
Bill > S07471
NY S07471
NY S07471Ensures that supplemental uninsured/underinsured insurance coverage is included in certain insurance policies; provides for certain notice and information to be given to insured motorists; extends certain provisions relating to supplemental uninsured/underinsured insurance coverage until 6/30/2026.
summary
Introduced
05/30/2023
05/30/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to supplemental uninsured/underinsured insurance; and to amend chapter 490 of the laws of 2017 amending the insurance law relating to limits on certain supplementary insurance, in relation to extending the provisions thereof
AI Summary
This bill amends the insurance law to ensure that supplemental uninsured/underinsured (SUM) insurance coverage is included in certain motor vehicle liability insurance policies, unless the insured declines or selects a lower amount of coverage in writing. The bill also extends certain provisions relating to SUM coverage until June 30, 2026. It requires insurers to notify insureds in writing that their policy will include SUM coverage equal to the bodily injury liability limits, unless the insured declines or selects a lower amount. The bill also allows insurers to provide SUM coverage through an umbrella or excess liability policy.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
REFERRED TO INSURANCE (on 01/03/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2023/S7471 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S07471&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S07471 |
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