Bill
Bill > A07782
NY A07782
NY A07782Grants 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
05/15/2017
05/15/2017
In Committee
01/03/2018
01/03/2018
Crossed Over
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 the authority to investigate fraudulent activities, such as motor vehicle operators driving without insurance coverage and motor vehicle insureds misrepresenting the principal place where their vehicles are garaged and operated. It also requires insurance companies and self-insurers to report incidents of insurance fraud related to automobile liability insurance to the Department of Financial Services. The goal is to address the significant public danger posed by uninsured drivers and the improper shifting of high liability costs to other motor vehicle insureds.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
referred to insurance (on 01/03/2018)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...