Bill Text: NY S03316 | 2011-2012 | General Assembly | Introduced

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Bill Title: Relates to motorcycle insurance policies and requires owners' policies of liability to inform the insured that motor vehicle no-fault insurance does not apply to motorcycles and that state uninsured motorist coverage is available in the alternative.

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Engrossed - Dead) 2012-06-21 - COMMITTED TO RULES [S03316 Detail]

Download: New_York-2011-S03316-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         3316
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   February 16, 2011
                                      ___________
       Introduced  by  Sens.  DeFRANCISCO,  GRIFFO,  LARKIN  --  read twice and
         ordered printed, and when printed to be committed to the Committee  on
         Insurance
       AN  ACT  to amend the insurance law, in relation to motorcycle insurance
         policies
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section  1.  Section  5103 of the insurance law is amended by adding a
    2  new subsection (f-1) to read as follows:
    3    (F-1) EVERY OWNER'S POLICY OF LIABILITY INSURANCE ISSUED ON A MOTORCY-
    4  CLE IN SATISFACTION OF THE REQUIREMENTS OF ARTICLE SIX OR EIGHT  OF  THE
    5  VEHICLE AND TRAFFIC LAW OR SECTION TWENTY-FOUR HUNDRED SEVEN OF SUCH LAW
    6  SHALL:
    7    (1)  INFORM THE INSURED THAT NO-FAULT INSURANCE PROVISIONS FOR AUTOMO-
    8  BILES OR MOTOR VEHICLES DO NOT APPLY TO MOTORCYCLES AND THAT STATE UNDE-
    9  RINSURED MOTORIST COVERAGE IS AVAILABLE, AND THAT THE LACK  OF  NO-FAULT
   10  INSURANCE  UNDER  SOME  CIRCUMSTANCES  CAN  BE OFFSET BY THE PURCHASE OF
   11  STATE  UNDERINSURED  MOTORIST  COVERAGE,  SINCE   DAMAGES   MAY   EXCEED
   12  TWENTY-FIVE  THOUSAND  DOLLARS, WHICH IS THE AMOUNT OF COVERAGE REQUIRED
   13  BY LAW; AND
   14    (2) REQUIRE THAT  MOTORCYCLISTS  WHO  REFUSE  THE  STATE  UNDERINSURED
   15  MOTORIST COVERAGE SIGN A STATEMENT SAYING THAT THEY WERE INFORMED OF THE
   16  AVAILABILITY OF SUCH AND CHOSE NOT TO OBTAIN SUCH COVERAGE.
   17    S 2. This act shall take effect on the one hundred twentieth day after
   18  it  shall  have  become  a  law; provided that any rules and regulations
   19  necessary to implement the provisions of this act on its effective  date
   20  are authorized and directed to be promulgated and shall become effective
   21  on such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09482-01-1