NY A03559

Requires all public vessels certified to carry passengers on New York's navigable waters to maintain a corporate surety bond or protection and indemnity insurance policy from a state-authorized insurer

Mandates minimum coverage of $1 million per occurrence for injury or death arising from negligent operation for vessels certified by the Office of Parks, Recreation and Historic Preservation

Prohibits issuance of certificates of inspection or temporary operating permits unless vessel owners provide proof of insurance to the inspector

Allows the commissioner to issue self-insurance certificates to vessel owners who demonstrate sufficient financial ability to respond to judgments

Makes operating a public vessel without required insurance a misdemeanor, with failure to produce proof of insurance upon request serving as presumptive evidence of non-compliance

Takes effect 90 days after becoming law