Enacts the New York travel insurance act

Summary

The New York Travel Insurance Act amends existing insurance statutes to carve out travel insurance from certain restrictions and establishes a limited‑license system for rental‑car firms, peer‑to‑peer car‑sharing operators, wireless equipment sellers, self‑storage providers, and travel‑insurance agents. It requires these entities to obtain a special license, file applications, and follow strict disclosure rules, while also defining the types of travel‑related coverage that may be offered. The goal is to protect consumers by ensuring clear information, limiting rental periods, and giving the superintendent enforcement authority.

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