New York A 8041: Directs the department of financial services to conduct a study on the fair market value of labor rates for services covered under motor vehicle insurance policies

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A08041 Summary:

BILL NOA08041 

&nbsp

SAME ASSAME AS S08350

&nbsp

SPONSORKay

&nbsp

COSPNSRMcDonald, Weprin

&nbsp

MLTSPNSR

&nbsp

&nbsp

Directs the department of financial services, in consultation with the department of transportation to conduct a study and prepare a report on the fair market value of labor rates for services covered under motor vehicle insurance policies.

Go to top A08041 Actions:

BILL NOA08041 

&nbsp

04/22/2025referred to insurance

05/28/2025reported referred to ways and means

01/07/2026referred to ways and means

Go to topA08041 Committee&nbspVotes:

Committee:INSURANCE Chair:Weprin 
DATE:05/28/2025AYE/NAY:24/0 Action: Favorable refer to committee Ways and Means WeprinAyeBlankenbushAye

CookAyeHawleyAye

LavineExcusedPalmesanoAye

SteckAyeGandolfoAye

DilanAyeJensenAye

HunterAyeBlumencranzAye

JacobsonAyeBendettAye

MeeksAye

ForrestAye

AndersonAye

CruzAye

BoresAye

LunsfordAye

BergerAye

EichensteinAye

KayAye

YegerAye

WiederAye

Go to topA08041 Floor&nbspVotes:

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

Go to topA08041 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8041

 2025-2026 Regular Sessions

 IN ASSEMBLY

 April 22, 2025
 ___________

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

 AN ACT directing the department of financial services to conduct a study
 on the fair market value of labor rates for services covered under
 motor vehicle insurance policies

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

 1 Section 1. The department of financial services, in consultation with
 2 the department of transportation shall conduct a study and prepare a
 3 report on the fair market value of labor rates for services covered
 4 under motor vehicle insurance policies.
 5 § 2. Within one year of the effective date of this act, the department
 6 of financial services, in consultation with the department of transpor-
 7 tation shall issue a report of the findings of the study along with
 8 recommendations for any appropriate regulatory or legislative actions to
 9 the governor, the temporary president of the senate and the speaker of
 10 the assembly.
 11 § 3. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD11619-01-5

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