New York S 10081: Relates to wireless communications equipment insurance

Bill Text

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S10081 Summary:

BILL NOS10081 

&nbsp

SAME ASNo Same As

&nbsp

SPONSORBAILEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §3449, Ins L

&nbsp

Relates to requirements for offering wireless communications equipment insurance.

Go to top S10081 Actions:

BILL NOS10081 

&nbsp

04/27/2026REFERRED TO INSURANCE

Go to topS10081 Committee&nbspVotes:

Go to topS10081 Floor&nbspVotes:

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

Go to topS10081 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10081

 IN SENATE

 April 27, 2026
 ___________

 Introduced by Sen. BAILEY -- read twice and ordered printed, and when
 printed to be committed 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:

 1 Section 1. Paragraph 3 of subsection (b) of section 3449 of the insur-
 2 ance law, as added by chapter 386 of the laws of 2024, is amended to
 3 read as follows:
 4 (3) A group policy of wireless communications equipment insurance may
 5 be offered as part of a wireless communications equipment protection
 6 plan, provided that the wireless communications equipment vendor at the
 7 same time also offers the wireless communication equipment insurance
 8 [from the same insurer], any service contract, and any other contract
 9 for goods or services included as part of any such wireless communi-
 10 cations equipment protection plan and discloses the premium or fee for
 11 each on a stand-alone basis. The stand-alone wireless communication
 12 equipment insurance coverage may be issued either on a group or individ-
 13 ual basis.
 14 § 2. This act shall take effect on the one hundred eightieth day after
 15 it shall have become a law. Effective immediately, the addition, amend-
 16 ment and/or repeal of any rule or regulation necessary for the implemen-
 17 tation of this act on its effective date are authorized to be made and
 18 completed on or before such effective date.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15573-01-6

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