Assembly Bill A3061

2021-2022 Legislative Session

Relates to wireless communications equipment insurance

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • 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-A3061 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§2101, 2131 & 3449, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: A8487
2019-2020: A6872
2023-2024: A2775

2021-A3061 (ACTIVE) - Summary

Relates to wireless communications equipment insurance for wireless communications equipment vendors; describes prerequisites for issuance of a limited license for wireless communications equipment vendors.

2021-A3061 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3061
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by  M. of A. COOK -- read once and referred to the Committee
   on Insurance
 
 AN ACT to amend the insurance law,  in  relation  to  wireless  communi-
   cations equipment insurance
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Section 2101 of the insurance law is amended  by  adding  a
 new subsection (z) to read as follows:
   (Z)  FOR  PURPOSES  OF  SECTION TWO THOUSAND ONE HUNDRED THIRTY-ONE OF
 THIS ARTICLE, WITH RESPECT TO WIRELESS COMMUNICATIONS  EQUIPMENT  INSUR-
 ANCE:
   (1)  "CUSTOMER"  MEANS  A PERSON WHO PURCHASES WIRELESS COMMUNICATIONS
 EQUIPMENT OR SERVICE;
   (2) "ENROLLED CUSTOMER" MEANS A CUSTOMER WHO ELECTS COVERAGE  UNDER  A
 WIRELESS COMMUNICATIONS EQUIPMENT INSURANCE POLICY ISSUED TO A VENDOR OF
 WIRELESS COMMUNICATIONS EQUIPMENT;
   (3) "LOCATION" MEANS ANY PHYSICAL LOCATION IN THE STATE OF NEW YORK OR
 ANY  WEBSITE, CALL CENTER SITE OR SIMILAR LOCATION DIRECTED TO RESIDENTS
 OF THE STATE OF NEW YORK;
   (4) "WIRELESS COMMUNICATIONS EQUIPMENT" SHALL MEAN ELECTRONIC  DEVICES
 THAT ARE PORTABLE IN NATURE AND THEIR ACCESSORIES;
   (5)(A)  "WIRELESS  COMMUNICATIONS EQUIPMENT INSURANCE" MEANS INSURANCE
 PROVIDING COVERAGE FOR THE REPAIR OR REPLACEMENT  OF  WIRELESS  COMMUNI-
 CATIONS EQUIPMENT WHICH MAY PROVIDE COVERAGE FOR WIRELESS COMMUNICATIONS
 EQUIPMENT AGAINST ANY ONE OR MORE OF THE FOLLOWING CAUSES OF LOSS: LOSS,
 THEFT,  INOPERABILITY  DUE TO MECHANICAL FAILURE, MALFUNCTION, DAMAGE OR
 OTHER SIMILAR CAUSES OF LOSS.
   (B) "WIRELESS COMMUNICATIONS EQUIPMENT INSURANCE" DOES NOT INCLUDE:
   (I) A SERVICE CONTRACT AS THAT TERM IS DEFINED BY ARTICLE SEVENTY-NINE
 OF THIS CHAPTER;

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07778-01-1
              

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