Assembly Bill A4672

Signed By Governor
2021-2022 Legislative Session

Allows credit cards to offer an ancillary benefit for wireless communications equipment

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S4483 - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A4672 (ACTIVE) - Details

See Senate Version of this Bill:
S4483
Law Section:
Insurance Law
Laws Affected:
Amd §3442, Ins L

2021-A4672 (ACTIVE) - Summary

Allows credit cards to offer an ancillary benefit for wireless communications equipment.

2021-A4672 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4672
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             February 4, 2021
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred to the Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to allowing credit cards
   to offer an ancillary benefit for wireless communications equipment
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Paragraph  12  of  subsection  (d) of section 3442 of the
 insurance law, as amended by chapter 318 of the laws of 2008, is  renum-
 bered  paragraph 13 and amended, and a new paragraph 12 is added to read
 as follows:
   (12) LOSS OF OR DAMAGE TO WIRELESS COMMUNICATIONS EQUIPMENT OR LOSS OF
 USE RESULTING FROM A DEFECT IN  MATERIALS  OR  WORKMANSHIP  TO  WIRELESS
 COMMUNICATION EQUIPMENT, WHERE:
   (A) THE WIRELESS COMMUNICATIONS EQUIPMENT IS OWNED OR LEASED BY;
   (I) AN AUTHORIZED USER; OR
   (II)  A  BENEFICIARY  OTHER  THAN  AN  AUTHORIZED USER, IF COVERAGE IS
 PROVIDED UNDER THE ACCOUNT GROUP POLICY TO THE BENEFICIARY AS  AN  ADDI-
 TIONAL INSURED;
   (B)  THE  ACCOUNT  GROUP MEMBER'S PAYMENT MEDIUM IS USED TO OBTAIN THE
 WIRELESS SERVICES RELATED TO THE WIRELESS COMMUNICATION EQUIPMENT;
   (C) THE AMOUNT OF COVERAGE DOES NOT EXCEED TEN  THOUSAND  DOLLARS  PER
 WIRELESS  COMMUNICATIONS  EQUIPMENT,  BUT IN NO EVENT SHALL THE COVERAGE
 EXCEED FIFTY THOUSAND DOLLARS IN THE  AGGREGATE  PER  GROUP  MEMBER  PER
 POLICY YEAR;
   (D)  THE  PERIOD  OF COVERAGE FOR THE WIRELESS COMMUNICATION EQUIPMENT
 DOES NOT EXCEED 60 DAYS FROM EACH DATE WIRELESS  SERVICES  ARE  CHARGED,
 DEBITED, OR DRAWN; AND
   (E)  FOR PURPOSES OF THIS PARAGRAPH, THE TERM "WIRELESS COMMUNICATIONS
 EQUIPMENT"  SHALL  MEAN  WIRELESS  HANDSETS,  PAGERS,  PERSONAL  DIGITAL
 ASSISTANTS,  WIRELESS  TELEPHONES  OR  WIRELESS  TELEPHONE BATTERIES AND
 OTHER WIRELESS DEVICES AND ACCESSORIES RELATED TO SUCH DEVICES THAT  ARE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

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