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NY A10591

Bill

Official Source

Status

Introduced

7/6/2022

Primary Sponsor

Jennifer Lunsford

Click for details

Origin

Assembly

2021-2022 General Assembly

AI Summary

  • Amends the definition of "service contract" in New York insurance law to explicitly include coverage for power surges and accidental damages from handling
  • Consolidates redundant language by removing a separate provision that separately listed power surges and accidental damage coverage, integrating it into the main definition
  • Maintains existing requirements that indemnity payments per incident not exceed the purchase price of the property serviced
  • Takes effect immediately upon enactment

Legislative Description

Relates to service contracts for accidental damages from handling and power surges.

Last Action

referred to insurance

7/6/2022

Committee Referrals

Insurance7/6/2022

Full Bill Text

No bill text available