New York A08041 directs the Department of Financial Services to study and report on the fair market value of labor rates for motor vehicle insurance.

New York A08041 instructs the Department of Financial Services, in consultation with the Department of Transportation, to conduct a study on the fair market value of labor rates for services covered under motor vehicle insurance policies. Within one year of the act's effective date, the Department of Financial Services must issue a report detailing the study's findings and recommendations for any necessary regulatory or legislative actions. The report will be submitted to the governor, the temporary president of the senate, and the speaker of the assembly. The act takes effect immediately.

New York A08041 directs the Department of Financial Services to study and report on the fair market value of labor rates for motor vehicle insurance.

New York A08041 instructs the Department of Financial Services, in consultation with the Department of Transportation, to conduct a study on the fair market value of labor rates for services covered under motor vehicle insurance policies. Within one year of the act's effective date, the Department of Financial Services must issue a report detailing the study's findings and recommendations for any necessary regulatory or legislative actions. The report will be submitted to the governor, the temporary president of the senate, and the speaker of the assembly. The act takes effect immediately.