S 10081 NY

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Bill No.: Summary Actions Committee&nbspVotes Floor&nbspVotes Memo Text LFIN Chamber&nbspVideo/Transcript S10081 Summary: BILL NO S10081 &nbsp SAME AS No Same As &nbsp SPONSOR BAILEY &nbsp COSPNSR &nbsp MLTSPNSR &nbsp Amd §3449, Ins L &nbsp Relates to requirements for offering wireless communications equipment insurance.

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STATE OF NEW YORK ________________________________________________________________________

10081

IN SENATE

April 27, 2026 ___________

Introduced by Sen. BAILEY -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance

AN ACT to amend the insurance law, in relation to wireless communi- cations equipment insurance

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

1 Section 1. Paragraph 3 of subsection (b) of section 3449 of the insur- 2 ance law, as added by chapter 386 of the laws of 2024, is amended to 3 read as follows: 4 (3) A group policy of wireless communications equipment insurance may 5 be offered as part of a wireless communications equipment protection 6 plan, provided that the wireless communications equipment vendor at the 7 same time also offers the wireless communication equipment insurance 8 [ from the same insurer ] , any service contract, and any other contract 9 for goods or services included as part of any such wireless communi- 10 cations equipment protection plan and discloses the premium or fee for 11 each on a stand-alone basis. The stand-alone wireless communication 12 equipment insurance coverage may be issued either on a group or individ- 13 ual basis. 14 § 2. This act shall take effect on the one hundred eightieth day after 15 it shall have become a law. Effective immediately, the addition, amend- 16 ment and/or repeal of any rule or regulation necessary for the implemen- 17 tation of this act on its effective date are authorized to be made and 18 completed on or before such effective date.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15573-01-6

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