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NY A09821

Bill

Official Source

Status

Introduced

4/9/2024

Primary Sponsor

Steven Otis

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends Insurance Law Section 5414 to expand eligibility for the coastal market assistance program to properties located within one mile of the shore
  • Defines "shore" to include salt-water ocean, sound, bay, inlet, Lake Erie, Lake Ontario, the Saint Lawrence River, and the Niagara River, with distance measured from mean high water
  • Permits the association to adopt additional or more expansive eligibility standards beyond the one-mile minimum requirement, subject to superintendent approval
  • Takes effect immediately upon enactment

Legislative Description

Increases the number of properties eligible for the coastal market assistance program by providing eligibility to properties within one mile of the shore.

Last Action

substituted by s8320a

5/29/2024

Committee Referrals

Rules5/28/2024
Ways and Means5/22/2024
Insurance4/9/2024

Full Bill Text

No bill text available