Bill Text: NY A02819 | 2019-2020 | General Assembly | Introduced

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Bill Title: Requires that all commercial insurance policies provide coverage against the loss of perishable items in the case of a black-out or power outage.

Spectrum: Partisan Bill (Democrat 5-0)

Status: (Introduced - Dead) 2020-01-08 - referred to insurance [A02819 Detail]

Download: New_York-2019-A02819-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2819
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    January 25, 2019
                                       ___________
        Introduced  by  M. of A. ORTIZ, PEOPLES-STOKES, WALKER, COOK, SOLAGES --
          read once and referred to the Committee on Insurance
        AN ACT to amend the insurance law, in relation to the inclusion of busi-
          ness interruption insurance in all commercial insurance policies
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1.  Subsection  (a)  of  section 3420 of the insurance law is
     2  amended by adding a new paragraph 7 to read as follows:
     3    (7) A provision in all commercial insurance policies providing  cover-
     4  age  against the loss of perishable property due to a black-out or power
     5  outage that lasts twelve hours or longer.
     6    § 2. This act shall take effect immediately and  shall  apply  to  all
     7  policies issued, renewed, or altered on or after such effective date.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07534-01-9