New York S05235 mandates a study on the adequacy of minimum coverage amounts for non-commercial auto insurance.
New York S05235 requires the Department of Financial Services to conduct a study on the minimum coverage amounts for liability, uninsured motorist, and no-fault coverage for non-commercial auto insurance. The study will consider whether current minimum coverage amounts are adequate, the extent of consumer purchases of higher coverage, and the impact of higher coverage on premiums and claims processing.
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