New York A 10206: Directs the New York state department of financial services to conduct a study on the rising costs of motor vehicle insurance in the state

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A10206 Summary:

BILL NOA10206 

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SAME ASNo Same As

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SPONSORRivera

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COSPNSR

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MLTSPNSR

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Directs the New York state department of financial services to conduct a study on the rising costs of motor vehicle insurance in the state which shall include certain analyses and recommendations.

Go to top A10206 Actions:

BILL NOA10206 

&nbsp

02/12/2026referred to insurance

Go to topA10206 Committee&nbspVotes:

Go to topA10206 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA10206 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10206

 IN ASSEMBLY

 February 12, 2026
 ___________

 Introduced by M. of A. RIVERA -- read once and referred to the Committee
 on Insurance

 AN ACT in relation to directing the New York state department of finan-
 cial services to conduct a study on the rising costs of motor vehicle
 insurance

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. 1. The superintendent of financial services is hereby
 2 authorized and directed to prepare or have prepared a study concerning
 3 the rising costs of motor vehicle insurance in the state of New York.
 4 Such study shall evaluate no-fault reform polices enacted in other
 5 states; analyze the factors that have increased motor vehicle insurance
 6 costs, including, but not limited to, fraudulent claims and the
 7 increased costs of labor associated with the maintenance and repair of
 8 motor vehicles; and identify opportunities for legislative reform
 9 related to reducing applicable statutes of limitation and capping jury
 10 awards. The study shall include recommendations for interventions to
 11 lower the costs of motor vehicle insurance for New Yorkers.
 12 2. The study required by subdivision one of this section shall be
 13 completed and posted on the department of financial services' website by
 14 September 30, 2027.
 15 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14523-01-6

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