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
