Bill
Bill > A07815
NY A07815
NY A07815Ensures 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
06/15/2023
06/15/2023
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 elects in writing to decline or select a lower amount of coverage. The bill also extends the provisions relating to SUM coverage until June 30, 2026. Importantly, the bill requires insurers to notify insureds that their policy includes SUM coverage equal to their bodily injury liability limits, unless they decline or select a lower amount in writing. Failure by the insurance carrier to maintain and provide the required form will result in the policy being read to include the maximum SUM coverage available.
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/A7815 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07815&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07815 |
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