S 9134 NY
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Summary
Defines "default insurance" means insurance providing first-party indemnity to a named insured for losses, costs, and expenses sustained by the named insured arising from a third party's material failure, as determined by the named insured, to perform a binding agreement executed by the named insured and such third party, where the third party is not an insured or beneficiary and has no rights under the policy.
Sponsor (1)
- Jeremy Cooney Democratic · primary
Action history (1)
- Feb 5, 2026 REFERRED TO INSURANCE · upper
Text versions (2)
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