Extends the effectiveness of certain provisions providing for increased supplementary uninsured/underinsured motorist (SUM) insurance coverage to June 30, 2029.
STATE OF NEW YORK
________________________________________________________________________
10581
IN SENATE
May 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 chapter 490 of the laws of 2017 amending the insurance
law relating to limits on certain supplementary insurance, in relation
to the effectiveness thereof
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Section 2 of chapter 490 of the laws of 2017 amending the
2 insurance law relating to limits on certain supplementary insurance, as
3 amended by chapter 181 of the laws of 2023, is amended to read as
4 follows:
5 § 2. This act shall take effect on the one hundred eightieth day after
6 it shall have become a law, and shall apply to new insurance policies
7 and contracts issued on and after such effective date and shall expire
8 and be deemed repealed June 30, [2026] 2029.
9 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD15867-01-6
