New York A01192 amends vehicle and traffic law to increase liability insurance limits for bodily injury or death.
New York A01192 amends the vehicle and traffic law to increase the limits for liability arising out of bodily injury to or death of any person. The bill specifies new minimum coverage requirements for owner's policies of liability insurance, including higher limits for injuries and deaths in motor vehicle accidents. It also amends the insurance law to adjust the maximum judgment amounts for claims against financially irresponsible motorists. The changes aim to provide greater financial protection for individuals injured or killed in motor vehicle accidents in New York.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.