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N.Y. Agents Optimistic About Defeating Fee, Fine Hikes

New York insurance agent groups fighting an assortment of fee and fine increases proposed by Governor Eliot Spitzer appear to have won one battle in the state Senate regarding a $15 Motor Vehicle insu

By Phil Gusman | Updated on March 10, 2008

New York insurance agent groups fighting an assortment of fee and fine increases proposed by Governor Eliot Spitzer appear to have won one battle in the state Senate regarding a $15 Motor Vehicle insurance fee increase.

The proposal, outlined by Gov. Spitzer in his 2008-09 Executive Budget, would raise the Motor Vehicle Insurance fee from $5 to $20 on most vehicles registered in the state. The fee increase would show up on consumers’ insurance policies. Agent associations have opposed this increase because of the cost to consumers.

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