Relates to wireless communications equipment insurance

Summary

The bill amends New York's insurance law to let a vendor offer a group wireless equipment insurance policy as part of a protection plan, provided the vendor also offers the insurance from the same insurer, a service contract, and any other related contracts, and must disclose each premium or fee on its own. The insurance can be sold either as a group or an individual policy. The changes become effective 180 days after the law is enacted, with necessary rules allowed to be finalized beforehand.

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

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