Relates to taxes on foreign fire insurance premiums; permits local governments to update outdated laws related to the disbursement of foreign fire insurance.
Provides for an increased personal income tax deduction for medical expenses incurred by a New York taxpayer to include medical insurance premiums and long term care premiums.
Requires long term care insurance carriers who propose to raise long term care insurance premiums to obtain prior approval of the superintendent of financial services.
Establishes a retired employee health insurance premium reserve fund for the town of Saranac to cover retired town employee health insurance premiums, to stabilize the tax rate, and to ensure transparency for the taxpayers and elected officials.
Establishes a retired employee health insurance premium reserve fund for the town of Saranac to cover retired town employee health insurance premiums, to stabilize the tax rate, and to ensure transparency for the taxpayers and elected officials.
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.
Provides for reimbursement for certain insurance premiums for certain members of the naval militia, New York air, army national guard, and New York guard.