Relates to increasing certain monetary limits under the comprehensive motor vehicle insurance reparations act

2025 Regular Session Introduced by Alex Bores and 6 co-sponsors

Raises monetary limits under New York's Comprehensive Motor Vehicle Insurance Reparations Act, expanding payouts for claimants and increasing insurer obligations.

REFERRED TO INSURANCE

Overview

Bill number: A 6379

Title: Relates to increasing certain monetary limits under the comprehensive motor vehicle insurance reparations act

Purpose: To raise specific monetary limits established under the Comprehensive Motor Vehicle Insurance Reparations Act

Status: Referred to the Insurance Committee

Introduced: March 4, 2025

Related bills: A 10297 (prior-session), A 2261 (prior-session); S 1144 (companion) appears in the Senate

Note: The version content for this bill is not provided in the available materials, so exact numeric changes or affected provisions are not specified here.

Purpose and Intent

A 6379 seeks to increase monetary limits within the Comprehensive Motor Vehicle Insurance Reparations Act. While the precise limits and affected benefit categories are not stated in the summary available, the bill’s central aim is to broaden or elevate the caps or thresholds for payments/benefits provided under the reparations framework for motor vehicle insurance claims. The bill’s intent appears to align with ensuring higher compensation levels for eligible claimants, potentially reflecting changes in costs or inflation since current limits were established.

Key Provisions (as described)

Amendatory action to raise monetary limits under the Comprehensive Motor Vehicle Insurance Reparations Act.

The bill would modify how much can be paid under specified reparations benefits or claim categories defined in the act.

Details on the exact dollar amounts, eligible claim types, and effective dates would be contained in the full text of the bill (not provided here).

Because the bill text is not included, the specific provisions, such as which benefits are raised (medical reparations, replacement services, attendant care, lost income, etc.), the percentage or amount of increase, and any phase-in or sunset provisions, are not identifiable from the available information.

Affected Parties and Impacts

Claimants and beneficiaries under the reparations program could see higher allowable limits.

Insurers operating under the act may face increased payout obligations.

Medical and service providers receiving eligible reparations might experience greater reimbursement opportunities.

Policyholders and the broader motor vehicle insurance market could be affected by changes in payout limits and related premium considerations, depending on how the increased limits are funded or absorbed.

Procedural and Timeline Aspects

The bill has been introduced and assigned to the Insurance Committee.

No further actions (e.g., committee hearings, amendments, floor votes) are listed in the provided information.

Related legislation exists in prior sessions (A 10297, A 2261) and a Senate companion (S 1144), indicating parallel or previously considered proposals.

Next Steps

If advanced, the bill would move through committee hearings and potential amendments before potential floor consideration.

Key questions for analysis when the full text is available: exact monetary increases, affected benefit categories, effective date, any transition rules, and fiscal impact.

This summary provides an accessible overview based on available details. For precise amounts, effective dates, and complete provisions, the full bill text and fiscal notes should be consulted once released.

Bill