New York A 724: Relates to redetermination based on income for a tax abatement for rent-controlled and rent regulated property occupied by senior citizens or persons with disabilities

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A00724 Summary:

BILL NOA00724 

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SAME ASNo Same As

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SPONSORRosenthal

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COSPNSR

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MLTSPNSR

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Add Art 42-A §§4250 - 4255, Ins L

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Regulates the issuance of pet insurance policies covering veterinary expenses.

Go to top A00724 Actions:

BILL NOA00724 

&nbsp

01/08/2025referred to insurance

01/07/2026referred to insurance

Go to topA00724 Committee&nbspVotes:

Go to topA00724 Floor&nbspVotes:

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

Go to topA00724 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 724

 2025-2026 Regular Sessions

 IN ASSEMBLY

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by M. of A. ROSENTHAL -- read once and referred to the
 Committee on Insurance

 AN ACT to amend the insurance law, in relation to pet insurance

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

 1 Section 1. The insurance law is amended by adding a new article 42-A
 2 to read as follows:
 3 ARTICLE 42-A
 4 PET INSURANCE
 5 Section 4250. Definitions.
 6 4251. Applicability.
 7 4252. Coverage disclosures and requirements.
 8 4253. Penalties.
 9 4254. Violations.
 10 4255. Rules and regulations.
 11 § 4250. Definitions. For purposes of this article, the following defi-
 12 nitions shall apply:
 13 (a) "Chronic condition" shall mean a condition that can be treated or
 14 managed, even if not cured.
 15 (b) "Congenital anomaly or disorder" shall mean a condition that is
 16 present from birth, whether inherited or caused by the environment,
 17 which, to a reasonable medical certainty, has been determined to cause
 18 or otherwise contribute to illness or disease.
 19 (c) "Hereditary disorder" shall mean an abnormality that is genet-
 20 ically transmitted from parent to offspring which, to a reasonable
 21 medical certainty, has been determined to cause illness or disease.
 22 (d) "Pet insurance" shall mean insurance, whether provided under an
 23 individual or group insurance policy that provides coverage for veteri-
 24 nary expenses.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD02238-01-5

 A. 724 2

 1 (e) "Pet insurer" shall mean a company or organization who issues a
 2 policy of pet insurance.
 3 (f) "Preexisting condition" shall mean any condition, whether curable
 4 or incurable, which existed or presented on or before the pet insurance
 5 policy effective date, whether or not a veterinarian provided a medical
 6 diagnosis or for which the pet received treatment.
 7 (g) "Veterinarian" shall mean an individual who holds a valid license
 8 to practice veterinary medicine from an appropriate licensing entity in
 9 the jurisdiction in which such individual practices.
 10 (h) "Veterinary expenses" shall mean the costs associated with veteri-
 11 nary medical advice, diagnosis, care, treatment or alternative therapies
 12 provided by a veterinarian, including, but not limited to, the cost of
 13 drugs prescribed by a veterinarian.
 14 (i) "Waiting period" shall mean the period of time specified in a
 15 policy of pet insurance before coverage begins under such policy.
 16 § 4251. Applicability. A policy of pet insurance that is marketed,
 17 issued, amended, renewed, or delivered, whether or not in New York, to a
 18 New York resident, on and after July first, two thousand twenty-six,
 19 regardless of the situs of the contract or group policyholder, or the
 20 jurisdiction in which the contract was issued or delivered, is subject
 21 to this article.
 22 § 4252. Coverage disclosures and requirements. (a) No policy of pet
 23 insurance to which this article applies may be issued if such policy
 24 excludes any of the following: a pre-existing condition; a congenital
 25 anomaly or disorder; a hereditary disorder; or a chronic condition.
 26 (b) (1) Exclusions from coverage other than those set forth in
 27 subsection (a) of this section are permissible if prominently disclosed
 28 following the statement: "Exclusions may apply. Please refer to the
 29 exclusions section of the policy for more information."
 30 (2) If any policy of pet insurance to which this article applies
 31 provides a limit on coverage through a waiting period, a