NY A00258

Prohibits pet insurance policies from excluding preexisting conditions, congenital anomalies, hereditary disorders, or chronic conditions as of July 1, 2024.

Requires waiting periods for accident coverage not to exceed one day and prohibits waiting periods for other coverage types; limits deductibles to annual deductibles only.

Mandates prominent disclosure of coverage limits, exclusions, and benefit calculation methods in policies and on insurers' websites; requires a separate "Insurer Disclosure of Important Policy Provisions" document in at least 12-point type.

Prohibits premium increases based on claims history and renewal denials based on claims history or age; requires superintendent approval of all premium increases with 60-day public notice.

Establishes 30-day free look period allowing policyholders to cancel policies for full refund; prohibits binding arbitration clauses and ensures access to court remedies for dispute resolution.