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Bill

S 5235

Relates to the creation of a study of the minimum coverage amounts for non-commercial auto insurance

2025 Regular Session Introduced by Leroy Comrie

Directs a study of New York non-commercial auto insurance minimums to assess adequacy and affordability, informing potential policy changes for consumers, insurers, and regulators.

REFERRED TO INSURANCE
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WeVote Research Nonpartisan
Bill Summary · S 5235

Summary: Senate Bill S 5235

Overview

S 5235 is a New York Senate bill titled “Relates to the creation of a study of the minimum coverage amounts for non-commercial auto insurance.” The bill would direct the conduct of a study to evaluate the current minimum auto insurance coverage requirements for non-commercial purposes and assess related considerations. The primary sponsor is Senator Leroy Comrie. The bill was introduced on February 20, 2025 and immediately referred to the Senate Committee on Insurance.

Purpose and Intent

  • The primary aim is to create and commission a study focused on minimum coverage amounts for non-commercial auto insurance.
  • The bill seeks to explore whether current minimums are adequate for consumer protection, affordability, and risk coverage, with the ultimate objective of informing potential policy decisions or recommendations.

Key Provisions (as stated)

  • Directs the creation/commission of a study on minimum coverage amounts for non-commercial auto insurance.
  • The text provided does not include detailed parameters (e.g., who conducts the study, methodology, scope, duration, or specific deliverables). As written, the bill establishes the study but does not outline the study’s operational specifics in the available information.

Who Would Be Affected

  • Individuals and households purchasing non-commercial auto insurance (policyholders) in New York.
  • Auto insurers offering non-commercial policies (premium pricing, coverage design, and compliance considerations).
  • State insurance regulators and consumer protection bodies tasked with evaluating and implementing insurance standards.
  • Stakeholders with an interest in auto insurance affordability and adequacy (e.g., consumer groups, policymakers).

Procedural and Timeline Considerations

  • Status: Referred to the Senate Insurance Committee (procedural pathway for bills to be debated and advanced).
  • Legislative Action: Two identical entries on the same date indicate a duplicate record in the legislative log (both showing “REFERRed TO INSURANCE” on 2025-02-20).
  • Related/Companion Legislation:
    • Related Senate bills in prior sessions: S 5883, S 2993, S 499, S 2685.
    • Companion Assembly bill: A 3106 (listed as a companion in the provided information).
  • Next steps (if advanced): The committee could hold hearings, amend, and potentially move the bill to the floor for a full chamber vote. The study’s outcome, report, and any recommended policy changes would likely be guided by the findings of the designated study.

Sponsor

  • Primary sponsor: Leroy Comrie.

Notes

  • The available information does not specify the agency or entity responsible for conducting the study, the duration, reporting timeline, funding, or the exact deliverables. Those details would typically be defined in the bill’s text or subsequent amendments.

Compiled from official sources — confirm details with the bill’s official record.

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