NY A10674

Adds a new coverage category to New York insurance law allowing credit insurance to indemnify intended parents for expenses when in-vitro fertilization or intrauterine insemination treatment fails and does not result in birth.

Covered expenses include living expenses of surrogates during treatment, travel expenses for treatment, and uncovered medical and hospital expenses, co-payments, deductibles, and coinsurance.

Requires insurers issuing such credit insurance policies to provide a statement in applications and upon policy issuance that the credit insurance is not a substitute for comprehensive health insurance.

Directs excess line brokers to provide the required disclaimer statement on behalf of insurers when procuring such policies.

Takes effect thirty days after becoming law.