New York S 10226: Provides for insurance against expenses and business income losses from acts or threats of violence and adds representations and warranties and tax interpretation insurance; repealer

Bill Text

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S10226 Summary:

BILL NOS10226 

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SAME ASNo Same As

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SPONSORBAILEY

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COSPNSR

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MLTSPNSR

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Amd §§1113, 2105, 3425, 4101, 4102, 4103 & 4107, rpld §3450, Ins L

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Provides for insurance against expenses and business income losses from acts or threats of violence, including while not on the insured's premises; adds representations and warranties and tax interpretation insurance.

Go to top S10226 Actions:

BILL NOS10226 

&nbsp

05/07/2026REFERRED TO INSURANCE

Go to topS10226 Committee&nbspVotes:

Go to topS10226 Floor&nbspVotes:

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

Go to topS10226 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10226

 IN SENATE

 May 7, 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 providing for insur-
 ance against expenses and business income losses from acts or threats
 of violence, including while not on the insured's premises, and adding
 representations and warranties and tax interpretation insurance; and
 to repeal certain provisions of such law relating thereto

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

 1 Section 1. Subparagraph (D) of paragraph 7 of subsection (a) of
 2 section 1113 of the insurance law, as amended by chapter 318 of the laws
 3 of 2008, is amended to read as follows:
 4 (D) Insurance covering loss of or damage to property as a result of an
 5 act or threatened act of violence, bullying, or stalking; a ransom or
 6 reward payment incurred as the result of an abduction or the theft of
 7 property; travel and lodging expense and lost wages incurred as the
 8 result of an act or threatened act of violence, bullying, stalking, or
 9 abduction; expense incurred to locate or identify a missing or abducted
 10 person; or other expenses to respond to [a violent] an act or threatened
 11 act of violence, bullying, stalking, or abduction, or to prevent a reoc-
 12 currence thereof, including expenses to hire a public relations firm or
 13 security firm in response to an act or threatened act of violence,
 14 bullying, stalking, or abduction; and
 15 § 2. Paragraphs 13 and 14 of subsection (a) of section 1113 of the
 16 insurance law, paragraph 13 as amended by chapter 534 of the laws of
 17 1985 and paragraph 14 as amended by chapter 614 of the laws of 1997, are
 18 amended to read as follows:
 19 (13) "Personal injury liability insurance," means insurance against
 20 legal or contractual liability of the insured, and against loss, damage
 21 or expense incident to a claim of such liability (including the insur-
 22 er's obligation to pay medical, hospital, surgical and disability bene-
 23 fits to injured persons, and funeral and death benefits to dependents,
 24 beneficiaries or personal representatives of persons who are killed,
 25 irrespective of legal liability of the insured), arising out of death or

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15757-01-6

 S. 10226 2

 1 injury of any person, or arising out of injury to the economic interests
 2 of any person, as the result of negligence in rendering expert, fiduci-
 3 ary or professional service, but excluding any kind of insurance speci-
 4 fied in paragraph fifteen, except insurance to protect an insured
 5 against liability for indemnification or contribution to a third party
 6 held responsible for injury to the insured's employee arising out of and
 7 in the course of employment when such insurance is written pursuant to
 8 this paragraph and not written pursuant to paragraph fifteen of this
 9 subsection.
 10 (14) "Property damage liability insurance," means insurance against
 11 legal or contractual liability of the insured, and against loss, damage
 12 or expense incident to a claim of such liability, arising out of the
 13 loss or destruction of, or damage to, the property of any other person,
 14 but not including any kind of insurance specified in paragraph thirteen,
 15 fifteen or twenty-eight of this subsection.
 16 § 3. Paragraph 34 of subsection (a) of section