Bill > A01347

This bill amends the insurance law to require the superintendent of insurance to conduct a comprehensive review of rating territory definitions for private passenger non-business automobile insurance policies. Specifically, the bill directs the superintendent to focus on a particular city with a population between 19,040 and 25,000 that is geographically adjacent to another city with a population between 292,648 and 350,000, examining factors such as changing demographics, zip code boundaries, and territorial groupings. Following this review, the superintendent may require insurance companies to modify existing or create new territory definitions that impact how insurance rates are calculated. The bill mandates that the superintendent complete the review by July 1st of the year following the bill's enactment and submit a report to the governor and legislature by December 31st of that same year, with the intent of potentially creating more equitable insurance rating territories that better reflect current community characteristics. The bill takes effect immediately upon becoming law.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A1347