New York State insurance laws

The most important area of the law in New York in connection with insurance refers to automobile insurance. To register a vehicle in the State of New York, must meet compulsory insurance under the law to specific requirements. It is strict, uninsured motorist insurance and civil liability insurance. Car insurance New York has wide applicable owner insurance and life insurance, health insurance statues. No.-fault car requires InsuranceNew York State car no-fault insurance for owners. No fault insurance often known as "Personal injury protection" injury of a passenger, covers pedestrian or the driver of your car in case of an accident. You must show proof of insurance without fault to obtain motor vehicle record in New York and license right plates.uninsured driver ProtectionNew York State also protection requires of the uninsured motorist. This type of insurance applies to both driver and front passenger in the car. It covers physical come uninsured automobile negligence or due to an accident of commandos. Uninsured motorist protection applies for any damages of whatsoever, including but not limited to, damage of responsibility InsuranceNew York vehicle.Automobile pilots must have property and personal injury liability insurance. This insurance applies if a person or persons a files a claim against you because of the accident. Certain limits are required. In accordance with the law, New York State vehicles and traffic, a driver must have "$ 25,000 for physical injury, the (not its death) or $50,000 for each violation causes death, worn by a person in."an accident; $50,000 for assault (causing the death) of two odHe supports an accident on a more people or death caused $100,000 for the injuries sustained by two law prohibits more people in a InsuranceNew York Stmangé insurer to a potential policyholders based on his record accident. Sante health to refuse. HMOs and insurers must also cover family. In addition group health insurance with an insurer that denied based on the size of the group can for small business owners (have more than 2 but less than 50 employees). Furthermore, small business group insurance be terminated, based on disease from one person to the InsuranceNew York group.Homeowner insurance are competitive owners and can offer different tariffs. If the insurance has been obtained, an insurer may terminate the policy within the first 60 days of politics, but only if making provides the specific reason for the cancellation. After 60 days, the insurer may terminate a policy if the policyholder fails to pay the bonuses is recognized guilty of crime, damaged property as a property might not provided or the policy obtained by providing false information.Life InsuranceNew York State has provisions for life insurance. According to the laws may insurance duration of years of life or whole life insurance purchase policy. Furthermore, the Act requires that insurers at a price of only the basic policy on three elements: mortality, interest and costs. Mortality refers to verify life expectancy based on age of a special person. In addition, an insurer that earn interest can consider a policy. Finally ermöglweight of the law the insurer issues includes the DéAufwendungen as such as the insurer for the design and implementation plan, insurance.