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NY A01466
Bill
Status
1/17/2023
Primary Sponsor
Kenneth Blankenbush
Click for details
AI Summary
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Amends Insurance Law Section 3435 to permit New York residents to receive certificates of group property/casualty or liability insurance under master policies procured by out-of-state employers.
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Requires the master policy to be approved and issued by an insurer licensed in the employer's state and approved for sale in that state.
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Mandates that certificates issued to New York residents be provided at no cost to the resident.
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Requires certificates to include a statement that the insurance is not regulated by New York and not subject to New York consumer protections under insurance law.
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Takes effect immediately upon enactment.
Legislative Description
Allows residents who are employed by employers based in another state to obtain property/casualty or liability coverage under a policy issued to their employer in that state.
Last Action
referred to insurance
1/3/2024