Relates to kinds of insurance authorized; repealer

Summary

The bill amends New York's insurance statutes to define and authorize several new kinds of insurance, including coverage for losses tied to violence, bullying, stalking, abduction, business interruption from such events, representations and warranties in corporate deals, and tax interpretation disputes. It also broadens the ability of excess‑line insurance brokers to obtain licenses and places certain policies on a "non‑basic" list. The changes affect insurers, brokers, businesses and individuals who may purchase these policies.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share