Bill
Bill > S05970
NY S05970
NY S05970Grants the superintendent of financial services authority to investigate fraudulent activities, such as motor vehicle operators who drive with no insurance coverage, and those who misrepresent their principal place of residence or where their motor vehicle is principally garaged and operated; requires insurance companies and self-insurers to report incidents of insurance fraud, relating to automobile liability insurance, to the department of financial services.
summary
Introduced
05/09/2017
05/09/2017
In Committee
06/20/2018
06/20/2018
Crossed Over
06/07/2017
06/07/2017
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
2017-2018 General Assembly
Bill Summary
Grants the superintendent of financial services authority to investigate fraudulent activities, such as motor vehicle operators who drive with no insurance coverage, and those who misrepresent their principal place of residence or where their motor vehicle is principally garaged and operated; requires insurance companies and self-insurers to report incidents of insurance fraud, relating to automobile liability insurance, to the department of financial services.
AI Summary
This bill grants the superintendent of financial services authority to investigate fraudulent activities, such as motor vehicle operators who drive with no insurance coverage, and those who misrepresent their principal place of residence or where their motor vehicle is principally garaged and operated. Additionally, the bill requires insurance companies and self-insurers to report incidents of insurance fraud, relating to automobile liability insurance, to the Department of Financial Services.
Committee Categories
Business and Industry
Sponsors (5)
Jeffrey Klein (OTHER)*,
Tony Avella (D),
David Carlucci (D),
Diane Savino (D),
David Valesky (OTHER),
Last Action
referred to insurance (on 06/20/2018)
Official Document
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