Bill Text: NY S08124 | 2019-2020 | General Assembly | Amended

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Bill Title: Requires travel insurance companies to provide refunds for travel cancelled due to coronavirus disease 2019 (COVID-19).

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced - Dead) 2020-05-21 - PRINT NUMBER 8124B [S08124 Detail]

Download: New_York-2019-S08124-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         8124--B

                    IN SENATE

                                     March 23, 2020
                                       ___________

        Introduced  by Sens. SANDERS, METZGER -- read twice and ordered printed,
          and when  printed  to  be  committed  to  the  Committee  on  Consumer
          Protection -- committee discharged, bill amended, ordered reprinted as
          amended  and  recommitted  to  said committee -- committee discharged,
          bill amended, ordered reprinted as amended  and  recommitted  to  said
          committee

        AN  ACT  to amend the general business law, in relation to travel insur-
          ance companies providing refunds for travel cancelled due to coronavi-
          rus disease 2019 (COVID-19); and providing  for  the  repeal  of  such
          provisions upon the expiration thereof

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. The general business law is amended by adding a new section
     2  157-b to read as follows:
     3    § 157-b. Travel insurance  refunds.  All  travel  insurance  companies
     4  shall  provide  a  full  refund,  without  any  penalty  in  the form of
     5  deduction of fees and regardless of any contractual cancellation period,
     6  to any resident of the state of New York who cancels travel due to coro-
     7  navirus disease 2019 (COVID-19).
     8    § 2.  This  act  shall  take  effect  immediately  provided  that  the
     9  provisions  of  this  act  shall  expire and be deemed repealed upon the
    10  expiration of the declared state of  emergency  relating  to  the  novel
    11  coronavirus  (COVID-19);  and provided, further, that the superintendent
    12  of financial services shall notify the legislative bill drafting commis-
    13  sion upon occurrence of the expiration of the state  disaster  emergency
    14  declared  by  executive  order  number 202 and any further amendments or
    15  modifications, and as may be further extended pursuant to section 28  of
    16  the executive law, in order that the commission may maintain an accurate
    17  and  timely  effective data base of the official text of the laws of the
    18  state of New York in  furtherance  of  effectuating  the  provisions  of
    19  section  44  of the legislative law and section 70-b of the public offi-
    20  cers law.

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15975-03-0