Relates to the creation of a study of the minimum coverage amounts for non-commercial auto insurance

New York State bill S 5235 directs the Department of Financial Services to study current minimum auto insurance coverage requirements for liability, uninsured motorist, and no-fault insurance. The study must examine whether these minimums adequately protect consumers, whether people buy higher coverage, and how higher coverage affects premiums and claims. The department must consult with insurers, consumer groups, and others, then submit a report with recommendations by April 15, 2027. This bill does not change coverage rules but sets up a review process to inform future decisions.