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A07789 Summary:

BILL NOA07789
 
SAME ASSAME AS S05329-A
 
SPONSORMagnarelli
 
COSPNSRSantabarbara
 
MLTSPNSR
 
Amd §370, V & T L
 
Relates to increasing insurance limits for certain for-hire vehicles; includes injury to or destruction of property under such limits.
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A07789 Actions:

BILL NOA07789
 
05/21/2019referred to transportation
06/05/2019reported referred to rules
06/12/2019reported
06/12/2019rules report cal.195
06/12/2019ordered to third reading rules cal.195
06/17/2019substituted by s5329a
 S05329 AMEND=A BRESLIN
 04/26/2019REFERRED TO TRANSPORTATION
 05/30/20191ST REPORT CAL.1079
 06/03/2019AMENDED (T) 5329A
 06/03/20192ND REPORT CAL.
 06/04/2019ADVANCED TO THIRD READING
 06/06/2019PASSED SENATE
 06/06/2019DELIVERED TO ASSEMBLY
 06/06/2019referred to transportation
 06/17/2019substituted for a7789
 06/17/2019ordered to third reading rules cal.195
 06/17/2019passed assembly
 06/17/2019returned to senate
 10/21/2019DELIVERED TO GOVERNOR
 10/23/2019SIGNED CHAP.408
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A07789 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A7789
 
SPONSOR: Magnarelli
  TITLE OF BILL: An act to amend the vehicle and traffic law, in relation to increasing insurance limits for certain for-hire vehicles   PURPOSE OR GENERAL IDEA OF BILL: To clarify that the $1.5 million combined single limit insurance requirement for for-hire vehicles shall include coverage for injury to or destruction of property.   SUMMARY OF SPECIFIC PROVISIONS: Section one would amend paragraphs (a) and (b) of subdivision (1) of section 370 of the Vehicle and Traffic Law to provide that the "combined single limit" of $1 5 million which is required for for-hire vehicles with a passenger capacity of eight or more persons shall include liabil- ity coverage for injury to or destruction of property, in addition to coverage for bodily injury or death. Section two would provide that the bill would become effective simul- taneously with section 13 of Part III of Chapter 59 of the Laws of 2019.   JUSTIFICATION: Section 370 of the Vehicle and Traffic Law requires minimum liability coverages for for-hire vehicles based on carrying capacity. Part III of Chapter 59 of the Laws of 2019 required for-hire vehicles with a capaci- ty of eight or more persons to carry a minimum of $1.5 million of liability coverage in a "single combined limit." This limit included coverage for bodily injury or death. This bill would clarify that mini- mum liability coverage of $10,000 per accident for injury to or destruction of property, shall be included within the $1.5 million single combined limit, rather than an additional coverage.   PRIOR LEGISLATIVE HISTORY: This is a new bill.   FISCAL IMPLICATIONS FOR STATE AND LOCAL GOVERNMENTS: None.   EFFECTIVE DATE: This act shall take effect on the same date and in the same manner as section 13 of part III of chapter 59 of the laws of 2019, takes effect.
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A07789 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          7789
 
                               2019-2020 Regular Sessions
 
                   IN ASSEMBLY
 
                                      May 21, 2019
                                       ___________
 
        Introduced  by  M.  of  A.  MAGNARELLI  -- read once and referred to the
          Committee on Transportation
 
        AN ACT to amend the vehicle and traffic law, in relation  to  increasing
          insurance limits for certain for-hire vehicles
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraphs (a) and (b) of subdivision 1 of section  370  of
     2  the  vehicle  and traffic law, paragraph (a) as amended by section 13 of
     3  part III of chapter 59 of the laws of 2019, and paragraph (b) as amended
     4  by chapter 613 of the laws of 2002, are amended to read as follows:
     5    [(a)] For damages for and incident to death or injuries to persons and
     6  injury to or destruction of property: For each motorcycle and  for  each
     7  motor  vehicle  engaged  in  the  business  of  carrying or transporting
     8  passengers for hire, having a seating capacity of not  more  than  seven
     9  passengers, a bond or insurance policy with a minimum liability of twen-
    10  ty-five  thousand  dollars  and  a  maximum  liability of fifty thousand
    11  dollars for bodily injury, and a minimum  liability  of  fifty  thousand
    12  dollars  and  a  maximum  liability  of one hundred thousand dollars for
    13  death and a minimum liability of ten thousand dollars for injury  to  or
    14  destruction  of property; for each motor vehicle engaged in the business
    15  of carrying or transporting passengers for hire, having a seating capac-
    16  ity of not less than eight passengers, a bond or insurance policy with a
    17  combined single limit of at least  one  million  five  hundred  thousand
    18  dollars  for bodily injury [and] or death[;] to one or more persons, and
    19  because of injury to or destruction of property in any one accident.
    20    [(b) For damages for and incident to injury to or destruction of prop-
    21  erty; for each motor vehicle and each motorcycle  a  bond  or  insurance
    22  policy with a minimum liability of ten thousand dollars.]
    23    §  2.  This  act  shall  take  effect on the same date and in the same
    24  manner as section 13 of part III of chapter 59  of  the  laws  of  2019,
    25  takes effect.
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD11500-02-9
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A07789 LFIN:

 NO LFIN
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