Assembly Actions - Lowercase Senate Actions - UPPERCASE |
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Apr 29, 2020 | print number 10226b |
Apr 29, 2020 | amend and recommit to insurance |
Apr 08, 2020 | print number 10226a |
Apr 08, 2020 | amend and recommit to insurance |
Mar 27, 2020 | referred to insurance |
Archive: Last Bill Status - In Assembly Committee
- Introduced
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
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Actions
Bill Amendments
Co-Sponsors
Patricia Fahy
Judy Griffin
Aravella Simotas
Harvey Epstein
Multi-Sponsors
Steven Englebright
A10226 - Details
A10226 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10226 I N A S S E M B L Y March 27, 2020 ___________ Introduced by M. of A. CARROLL -- read once and referred to the Commit- tee on Insurance AN ACT in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. (a) Notwithstanding any provisions of law, rule or regu- lation to the contrary, every policy of insurance insuring against loss or damage to property, which includes the loss of use and occupancy and business interruption, shall be construed to include among the covered perils under that policy, coverage for business interruption during a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (b) The coverage required by this section shall indemnify the insured, subject to the limits under the policy, for any loss of business or business interruption for the duration of a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (c) This section shall apply to policies issued to insureds with less than 100 eligible employees in force on the effective date of this act. "Eligible employee" means a full-time employee who works a normal work week of 25 or more hours. § 2. (a) An insurer which indemnifies an insured who has filed a claim pursuant to section one of this act may apply to the superintendent of financial services for relief and reimbursement by the department from funds collected and made available for this purpose as provided in section three of this act. (b) The superintendent of financial services shall establish proce- dures for the submission and qualification of claims by insurers which are eligible for reimbursement pursuant to this act. The superintendent of financial services shall incorporate in these procedures such stand- ards as are necessary to protect against the submission of fraudulent claims by insureds, and appropriate safeguards for insurers to employ in the review and payment of such claims. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
Co-Sponsors
Patricia Fahy
Judy Griffin
Aravella Simotas
Harvey Epstein
Multi-Sponsors
Steven Englebright
David McDonough
A10226A - Details
A10226A - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10226--A I N A S S E M B L Y March 27, 2020 ___________ Introduced by M. of A. CARROLL, FAHY, GRIFFIN, SIMOTAS, EPSTEIN, LENTOL, M. G. MILLER, PHEFFER AMATO, WRIGHT, DINOWITZ, ORTIZ, THIELE, CUSICK, BARRETT, COLTON, MALLIOTAKIS, MAGNARELLI, FALL -- Multi-Sponsored by -- M. of A. ENGLEBRIGHT -- read once and referred to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. (a) Notwithstanding any provisions of law, rule or regu- lation to the contrary, every policy of insurance insuring against loss or damage to property, which includes, but is not limited to, the loss of use and occupancy and business interruption, shall be construed to include among the covered perils under that policy, coverage for busi- ness interruption during a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (b) Every policy of insurance insuring against loss or damage to prop- erty, which includes, but is not limited to, the loss of use and occu- pancy and business interruption, whose policy expires during a period of a declared state emergency due to the coronavirus disease 2019 (COVID- 19) pandemic, shall be subject to an automatic renewal of the policy at the current rate of charge. (c) Any clause or provision of a policy of insurance insuring against loss or damage to property, which includes, but is not limited to, the loss of use and occupancy and business interruption, which allows the insurer to deny coverage based on a virus, bacterium, or other microor- ganism that causes disease, illness, or physical distress or that is capable of causing disease illness, or physical distress shall be null and void; provided, however, the remaining clauses and provisions of the contract shall remain in effect for the duration of the contract term. (d) The coverage required by this section shall indemnify the insured, subject to the limits under the policy, for any loss of business or EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
Co-Sponsors
Patricia Fahy
Judy Griffin
Aravella Simotas
Harvey Epstein
Multi-Sponsors
Steven Englebright
Charles Lavine
David McDonough
A10226B (ACTIVE) - Details
A10226B (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 10226--B I N A S S E M B L Y March 27, 2020 ___________ Introduced by M. of A. CARROLL, FAHY, GRIFFIN, SIMOTAS, EPSTEIN, LENTOL, M. G. MILLER, PHEFFER AMATO, WRIGHT, DINOWITZ, ORTIZ, THIELE, CUSICK, BARRETT, COLTON, MALLIOTAKIS, MAGNARELLI, FALL, FRONTUS, GLICK, PAULIN, ROZIC, JONES, JACOBSON, NIOU, SIMON -- Multi-Sponsored by -- M. of A. ENGLEBRIGHT, McDONOUGH -- read once and referred to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- again reported from said committee with amendments, ordered reprinted as amended and recommitted to said committee AN ACT in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. For the purposes of this act: (a) "business" shall mean a business registered with the department of tax and finance or not-for-profit corporation registered with the Attor- ney General's charities bureau. (b) "income" shall mean traditional business income as well as not- for-profit revenue from donations, sponsorships, and grants. (c) "net written premiums received" shall mean gross direct premiums written, less return premiums thereon and dividends credited or paid to policyholders, as reported on the company's annual financial statement. (d) "premium taxes" shall mean payments required under subdivision (d) of section 2118 of the insurance law. § 2. (a) Notwithstanding any provisions of law, rule or regulation to the contrary, every policy of insurance insuring against loss or damage to property, which includes, but is not limited to, the loss of use and occupancy and business interruption, shall be construed to include among the covered perils under that policy, coverage for business interruption during a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (b) Every policy of insurance insuring against loss or damage to prop- erty, which includes, but is not limited to, the loss of use and occu- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets