| BILL NO | A03321 |
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| SAME AS | No Same As |
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| SPONSOR | Blankenbush |
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| COSPNSR | Brabenec, DeStefano, Durso, Hawley, McDonough |
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| MLTSPNSR | |
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| Add §§5110 & 405-a, amd §§5102, 5103, 5108, 5106 & 5303, Ins L; amd Pen L, generally; amd §846-m, Exec L |
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| Enacts the New York automobile insurance fraud and premium reduction act; provides that this act is aimed at reducing insurance fraud and thus lowering the cost of insurance premiums; provides a provision for compensation to a person that reports insurance fraud to the authorities; further provides that this act also increases the penalty for insurance fraud; appropriates $3,100,000 therefor. |
