New York A 853: Allows residents who are employed by employers based in another state to obtain property/casualty or liability coverage under a policy issued to their employer

Bill Text

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A00853 Summary:

BILL NOA00853 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBlankenbush

&nbsp

COSPNSRBrabenec, DeStefano, Hawley, McDonough, Miller

&nbsp

MLTSPNSR

&nbsp

Amd §3435, Ins L

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Allows residents who are employed by employers based in another state to obtain property/casualty or liability coverage under a policy issued to their employer in that state.

Go to top A00853 Actions:

BILL NOA00853 

&nbsp

01/08/2025referred to insurance

01/07/2026referred to insurance

Go to topA00853 Committee&nbspVotes:

Go to topA00853 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA00853 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 853

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. BLANKENBUSH, BRABENEC, DeSTEFANO, HAWLEY, McDO-
 NOUGH, MILLER -- read once and referred to the Committee on Insurance

 AN ACT to amend the insurance law, in relation to group
 property/casualty insurance

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 3435 of the insurance law is amended by adding a
 2 new subsection (e) to read as follows:
 3 (e) Neither the provisions of this section nor any other provisions of
 4 this chapter shall serve to prevent the issuance of a certificate of
 5 group property/casualty or liability insurance issued to a resident of
 6 this state when such certificate is issued under a master policy
 7 procured by an employer based in another state, provided (i) the policy
 8 is an approved policy issued by an insurer licensed in such state, (ii)
 9 the policy has been approved for sale in such state, and (iii) provided
 10 the certificate is issued without cost to the New York resident. Any
 11 such certificate issued to a New York resident shall state that the
 12 insurance provided thereunder is not regulated by the state of New York
 13 and not subject to consumer protections otherwise afforded by this chap-
 14 ter.
 15 § 2. This act shall take effect immediately.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD03291-01-5

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