N.Y. Insurance Law § 2336-b: Boat liability insurance rates; premium reductions in certain cases

§ 2336-b. Boat liability insurance rates; premium reductions in

certain cases. (a) Any schedule of rates or rating plan for boat

liability insurance submitted to the superintendent shall provide for an

appropriate reduction in premium charges, as described in section

seventy-eight-a of the navigation law, for any insured who has

successfully completed a boating safety course or an advanced boating

safety course which meets the requirements of part five of article four

of the navigation law and has been approved by the commissioner of

parks, recreation and historic preservation. The provisions of this

section shall not apply to attendance at a course pursuant to sections

forty-five or forty-nine of the navigation law as a result of any

boating infraction.

(b) For the purposes of this section:

(1) the term "boat" shall mean any residential or pleasure vessel that

is not a crew racing shell as defined in section two of the navigation

law.

(2) the term "boating safety course" or "advanced boating safety

course" shall mean a course of instruction or advanced course of

instruction that has been approved by the commissioner of parks,

recreation and historic preservation pursuant to section seventy-nine of

the navigation law.

(3) the term "boating safety certificate" shall mean a document which

cannot be altered and which is provided to a person who successfully

completes a boating safety course or advanced boating safety course

pursuant to section seventy-eight of the navigation law.

(c) An insurer, upon approval of the superintendent, may upon

submission of a completion certificate by an insured, provide an

actuarially appropriate reduction of the premium for such insured's

yacht or boating liability insurance.

(d) The superintendent may establish, by rule or otherwise, standards

or guidelines to be used to accomplish the provisions of this section.