Bill Text: NY A06452 | 2011-2012 | General Assembly | Introduced

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Bill Title: Relates to boating liability insurance rates; allows for a schedule of rates or rating plan for boat liability insurance submitted to the superintendent to provide for an actuarially appropriate reduction in premium charges for any insured who completed a boat safety course approved by the commissioner of parks, recreation and historic preservation.

Spectrum: Bipartisan Bill

Status: (Engrossed - Dead) 2012-04-30 - REFERRED TO INSURANCE [A06452 Detail]

Download: New_York-2011-A06452-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         6452
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                    March 17, 2011
                                      ___________
       Introduced by M. of A. GALEF, PAULIN, PHEFFER, SWEENEY, GIGLIO, SPANO --
         Multi-Sponsored  by  --  M. of A. COLTON, COOK, CROUCH, DUPREY, FINCH,
         GABRYSZAK, JORDAN, MAGEE,  MAYERSOHN,  McDONOUGH,  McENENY,  McKEVITT,
         J. MILLER,  MORELLE,  RAIA, RUSSELL, SALADINO, THIELE -- read once and
         referred to the Committee on Insurance
       AN ACT to amend the insurance law,  in  relation  to  boating  liability
         insurance rates
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. The insurance law is amended by adding a new section 2336-b
    2  to read as follows:
    3    S 2336-B.  BOAT  LIABILITY  INSURANCE  RATES;  PREMIUM  REDUCTIONS  IN
    4  CERTAIN CASES. (A) ANY SCHEDULE OF RATES OR RATING PLAN FOR BOAT LIABIL-
    5  ITY INSURANCE SUBMITTED TO THE SUPERINTENDENT SHALL PROVIDE FOR AN ACTU-
    6  ARIALLY APPROPRIATE REDUCTION IN PREMIUM CHARGES FOR ANY INSURED WHO HAS
    7  SUCCESSFULLY  COMPLETED  A BOAT SAFETY COURSE WHICH HAS BEEN APPROVED BY
    8  THE COMMISSIONER OF PARKS, RECREATION  AND  HISTORIC  PRESERVATION.  THE
    9  PROVISIONS  OF  THIS  SECTION  SHALL NOT APPLY TO ATTENDANCE AT A COURSE
   10  PURSUANT TO SECTIONS FORTY-FIVE OR FORTY-NINE OF THE NAVIGATION LAW AS A
   11  RESULT OF ANY BOATING INFRACTION.
   12    (B) FOR THE PURPOSES OF THIS SECTION THE  TERM  BOAT  SHALL  MEAN  ANY
   13  RESIDENTIAL  OR  PLEASURE  VESSEL  THAT  IS  NOT  A CREW RACING SHELL AS
   14  DEFINED IN SECTION TWO OF THE NAVIGATION LAW.
   15    S 2. This act shall take effect immediately and  shall  apply  to  all
   16  policies and contracts issued, renewed, modified or altered on and after
   17  such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD09934-01-1