STATE OF NEW YORK
________________________________________________________________________
2819
2019-2020 Regular Sessions
IN ASSEMBLY
January 25, 2019
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Introduced by M. of A. ORTIZ, PEOPLES-STOKES, WALKER, COOK, SOLAGES --
read once and referred to the Committee on Insurance
AN ACT to amend the insurance law, in relation to the inclusion of busi-
ness interruption insurance in all commercial insurance policies
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (a) of section 3420 of the insurance law is
2 amended by adding a new paragraph 7 to read as follows:
3 (7) A provision in all commercial insurance policies providing cover-
4 age against the loss of perishable property due to a black-out or power
5 outage that lasts twelve hours or longer.
6 § 2. This act shall take effect immediately and shall apply to all
7 policies issued, renewed, or altered on or after such effective date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD07534-01-9
