New York S 1249: Increases the minimum insurance coverage requirements for motor vehicles rented or leased in the state

Bill Text

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 Speaker Carl E. Heastie

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S01249 Summary:

BILL NOS01249 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORADDABBO

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§311, 312 & 345, V & T L

&nbsp

Increases the minimum insurance coverage requirements for motor vehicles rented or leased in the state.

Go to top S01249 Actions:

BILL NOS01249 

&nbsp

01/08/2025REFERRED TO TRANSPORTATION

01/07/2026REFERRED TO TRANSPORTATION

Go to topS01249 Committee&nbspVotes:

Go to topS01249 Floor&nbspVotes:

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

Go to topS01249 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 1249

 2025-2026 Regular Sessions

 IN SENATE

 January 8, 2025
 ___________

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

 AN ACT to amend the vehicle and traffic law, in relation to increasing
 the minimum insurance coverage requirements for motor vehicles rented
 or leased in the state of New York

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

 1 Section 1. Paragraph (a) of subdivision 4 of section 311 of the vehi-
 2 cle and traffic law, as amended by chapter 305 of the laws of 1995, is
 3 amended to read as follows:
 4 (a) Affording coverage as defined in the minimum provisions prescribed
 5 in a regulation which shall be promulgated by the superintendent at
 6 least ninety days prior to effective date of this act. The superinten-
 7 dent before promulgating such regulations or any amendment thereof,
 8 shall consult with all insurers licensed to write automobile liability
 9 insurance in this state and shall not prescribe minimum provisions which
 10 fail to reflect the provisions of automobile liability insurance poli-
 11 cies, other than motor vehicle liability policies as defined in section
 12 three hundred forty-five of this chapter, issued within this state at
 13 the date of such regulation or amendment thereof. Nothing contained in
 14 such regulation or in this article shall prohibit any insurer from
 15 affording coverage under an owner's policy of liability insurance more
 16 liberal than that required by said minimum provisions. Every such
 17 owner's policy of liability insurance shall provide insurance subject to
 18 said regulation against loss from the liability imposed by law for
 19 damages, including damages for care and loss of services, because of
 20 bodily injury to or death of any person and injury to or destruction of
 21 property arising out of the ownership, maintenance, use, or operation of
 22 a specific motor vehicle or motor vehicles within the state of New York,
 23 or elsewhere in the United States in North America or the Dominion of
 24 Canada, subject to a limit, exclusive of interest and costs, with

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03072-01-5

 S. 1249 2

 1 respect to each such motor vehicle except a tow truck or a motor vehicle
 2 which is rented or leased from a person, organization or business regu-
 3 larly engaged in the business of renting or leasing motor vehicles to
 4 the general public, of twenty-five thousand dollars because of bodily
 5 injuries to and fifty thousand dollars because of death of one person in
 6 any one accident and, subject to said limit for one person, to a limit
 7 of fifty thousand dollars because of bodily injury to and one hundred
 8 thousand dollars because of death of two or more persons in any one
 9 accident, and to a limit of ten thousand dollars because of injury to or
 10 destruction of property of others in any one accident provided, however,
 11 that such policy need not be for a period coterminous with the registra-
 12 tion period of the vehicle insured. The limit, exclusive of interest and
 13 costs, with respect to a tow truck shall be a combined single limit of
 14 at least three hundred thousand dollars because of bodily injury or
 15 death to one or more persons or because of injury or destruction of
 16 property of others in any one accident, and to a limit of twenty-five
 17 thousand dollars because of damage to a vehicle in the care, custody and
 18 control of the insured. The limit, exclusive of interest and co