Establishes as a distinct territory for purposes of rating private passenger nonbusiness automobile insurance policies, a certain city with a population between 19,040 and 25,000 which is geographically contiguous to a city with a population between 292,648 and 350,000; provides that the superintendent may require insurers to adjust existing or establish new territory definitions based on such review.

New York Assembly Bill A01347 requires the state's insurance superintendent to review and potentially redefine how insurance companies determine territories for setting car insurance rates. The focus is on cities with populations between 19,040 and 25,000 that are next to larger cities with populations between 292,648 and 350,000. The goal is to ensure that insurance rates accurately reflect current demographics and driving conditions.

Supporters argue that the bill promotes fairness in car insurance pricing by ensuring that rates are based on up-to-date data and actual risk factors. This could lead to more equitable premiums for drivers in smaller cities adjacent to larger urban areas.

Critics contend that the bill may lead to increased administrative costs for insurance companies, which could be passed on to consumers. Additionally, there is concern that redefining territories might result in higher premiums for some drivers, depending on the outcomes of the superintendent's review.