New York S 8350: 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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 Speaker Carl E. Heastie

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S08350 Summary:

BILL NOS08350 

&nbsp

SAME ASSAME AS A08041

&nbsp

SPONSORADDABBO

&nbsp

COSPNSR

&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 S08350 Actions:

BILL NOS08350 

&nbsp

06/04/2025REFERRED TO RULES

01/07/2026REFERRED TO INSURANCE

Go to topS08350 Committee&nbspVotes:

Go to topS08350 Floor&nbspVotes:

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

Go to topS08350 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 8350

 2025-2026 Regular Sessions

 IN SENATE

 June 4, 2025
 ___________

 Introduced by Sen. ADDABBO -- read twice and ordered printed, and when
 printed to be committed to the Committee on Rules

 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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