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S04060 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 4060 2021-2022 Regular Sessions IN SENATE February 2, 2021 ___________ Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to requiring contractors and subcontractors to disclose the existence of property and casualty insurance The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 1 of section 771 of the general business law is 2 amended by adding a new paragraph (i) to read as follows: 3 (i) Before a contractor or subcontractor begins work on a home, such 4 writing shall disclose to the homeowner the existence of a property 5 and/or casualty insurance policy that covers the scope of such contrac- 6 tor or subcontractor's employment should an insurance claim be filed 7 resulting from losses arising from the work at such property. Such 8 disclosure shall also include the contact information of the insurance 9 company providing such property and/or casualty insurance, including a 10 phone number and address. 11 § 2. This act shall take effect on the one hundred eightieth day after 12 it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07039-01-1