NY A00724

Prohibits pet insurance policies from excluding coverage for pre-existing conditions, congenital anomalies, hereditary disorders, or chronic conditions, effective July 1, 2026

Limits waiting periods to a maximum of one day for accident coverage, with no waiting periods allowed for other coverage types, and requires any deductibles to be annual rather than per-incident

Requires premium increases to be approved by the superintendent and made public at least 60 days before taking effect; prohibits premium increases or renewal denials based on claims history or pet age

Mandates a 30-day free look period during which policyholders can cancel for a full refund, and prohibits insurers from requiring binding arbitration to resolve disputes

Establishes civil penalties of up to $5,000 per violation (or $10,000 for willful violations) and requires denied claims to be reviewed by veterinarians, with secondary reviews conducted by independent veterinarians