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

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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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-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        3316--A
           Cal. No. 1021
                              2011-2012 Regular Sessions
                                   I N  S E N A T E
                                   February 16, 2011
                                      ___________
       Introduced  by  Sens. DeFRANCISCO, GRIFFO, KLEIN, LARKIN, LIBOUS -- read
         twice and ordered printed, and when printed to  be  committed  to  the
         Committee  on  Insurance  --  reported  favorably from said committee,
         ordered to first and second report, amended on second report,  ordered
         to  a  third  reading,  and  to be reprinted as amended, retaining its
         place in the order of third reading
       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 INFORM THE INSURED THAT NO-FAULT INSURANCE PROVISIONS FOR  AUTOMO-
    7  BILES OR MOTOR VEHICLES DO NOT APPLY TO MOTORCYCLES AND THAT STATE UNDE-
    8  RINSURED  MOTORIST  COVERAGE IS AVAILABLE, AND THAT THE LACK OF NO-FAULT
    9  INSURANCE UNDER SOME CIRCUMSTANCES CAN BE  OFFSET  BY  THE  PURCHASE  OF
   10  STATE   UNDERINSURED   MOTORIST   COVERAGE,  SINCE  DAMAGES  MAY  EXCEED
   11  TWENTY-FIVE THOUSAND DOLLARS, WHICH IS THE AMOUNT OF  COVERAGE  REQUIRED
   12  BY LAW.
   13    S 2. This act shall take effect on the one hundred twentieth day after
   14  it  shall  have  become  a  law; provided that any rules and regulations
   15  necessary to implement the provisions of this act on its effective  date
   16  are authorized and directed to be promulgated and shall become effective
   17  on such date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09482-02-1