Imposes restrictions on catalytic converters, requires unique serial numbers, and provides insurance premium reductions for marked converters.

New York A05242 amends vehicle and traffic law, general business law, and insurance law to impose restrictions on catalytic converters. It mandates that all vehicle catalytic converters be indelibly marked or engraved with a unique serial number. Licensed scrap processors and vehicle dismantlers must record purchase details and seller identification for used or scrap catalytic converters. The bill also provides for a reduction in motor vehicle insurance premiums for automobiles equipped with a uniquely marked catalytic converter.

Imposes restrictions on catalytic converters, requires unique serial numbers, and provides insurance premium reductions for marked converters.

New York A05242 amends vehicle and traffic law, general business law, and insurance law to impose restrictions on catalytic converters. It mandates that all vehicle catalytic converters be indelibly marked or engraved with a unique serial number. Licensed scrap processors and vehicle dismantlers must record purchase details and seller identification for used or scrap catalytic converters. The bill also provides for a reduction in motor vehicle insurance premiums for automobiles equipped with a uniquely marked catalytic converter.