New York A 1347: Establishes a veteran internship program (V.I.P. NY)

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A01347 Summary:

BILL NOA01347 

&nbsp

SAME ASNo Same As

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SPONSORPeoples-Stokes

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COSPNSR

&nbsp

MLTSPNSR

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Amd §2307, Ins L

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Establishes as a distinct territory for purposes of rating private passenger nonbusiness automobile insurance policies, a certain city with a population between 19,040 and 25,000 which is geographically contiguous to a city with a population between 292,648 and 350,000; provides that the superintendent may require insurers to adjust existing or establish new territory definitions based on such review.

Go to top A01347 Actions:

BILL NOA01347 

&nbsp

01/09/2025referred to insurance

01/07/2026referred to insurance

Go to topA01347 Committee&nbspVotes:

Go to topA01347 Floor&nbspVotes:

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

Go to topA01347 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1347

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 9, 2025
 ___________

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

 AN ACT to amend the insurance law, in relation to providing for a review
 of certain existing rating territory definitions for non-business
 automobile insurance policies

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

 1 Section 1. Section 2307 of the insurance law is amended by adding a
 2 new subsection (f) to read as follows:
 3 (f) (1) Notwithstanding any other provision of law, with respect to
 4 non-business automobile insurance policies, the superintendent shall
 5 undertake a thorough review of rating territory definitions and rate
 6 implications of current territorial definitions in use in this state,
 7 with particular focus on changing demographics, borderline zip codes,
 8 territorial groupings, and alternative approaches to achieving homogene-
 9 ity.
 10 (2) Based on such review, the superintendent may require insurers to
 11 adjust existing or establish new territory definitions and to use such
 12 adjusted or new territories in relation to such policies.
 13 (3) With respect to such review and any requirements made pursuant to
 14 this section, the superintendent shall first focus on cities with a
 15 population of more than nineteen thousand forty but less than twenty-
 16 five thousand having had a decrease in traffic density and accidents,
 17 which are geographically contiguous with a city with a population of
 18 more than two hundred ninety-two thousand six hundred forty-eight but
 19 less than three hundred fifty thousand.
 20 (4) The superintendent shall report to the governor and the legisla-
 21 ture on such review and actions taken pursuant to this subsection.
 22 § 2. The review required by section one of this act shall be completed
 23 by July first in the year next succeeding the year in which it shall
 24 have become law, and the report required by section one of this act
 25 shall be submitted no later than December thirty-first in the year next
 26 succeeding the year in which it shall have become law.
 27 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02982-01-5

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