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A05803 Summary:

BILL NOA05803
 
SAME ASNo Same As
 
SPONSORBarclay (MS)
 
COSPNSRBlankenbush, Giglio, Kolb, Montesano, Manktelow, Byrnes, DeStefano
 
MLTSPNSRCrouch, DiPietro, Finch, Goodell, McDonough, Palmesano, Salka, Thiele
 
Add 5110 & 405-a, amd 5102, 5103, 5108, 5106, 5303, Ins L; amd 176.00, 176.05, 176.15, 176.20, 176.25, 176.30 & 176.35, add 176.36, 176.37 & 176.66, Pen L; amd 846-m, Exec L
 
Enacts the New York automobile insurance fraud and premium reduction act; provides that this act is aimed at reducing insurance fraud and thus lowering the cost of insurance premiums; provides a provision for compensation to a person that reports insurance fraud to the authorities; further provides that this act also increases the penalty for insurance fraud; appropriates $3,100,000 therefor.
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