A10542 Summary:

BILL NOA10542
 
SAME ASSAME AS S08124-B
 
SPONSORRules (Reyes)
 
COSPNSR
 
MLTSPNSR
 
Add 157-b, Gen Bus L
 
Requires travel insurance companies to provide refunds for travel cancelled due to coronavirus disease 2019 (COVID-19).
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A10542 Actions:

BILL NOA10542
 
05/28/2020referred to insurance
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A10542 Committee Votes:

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A10542 Floor Votes:

There are no votes for this bill in this legislative session.
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A10542 Memo:

NEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
 
BILL NUMBER: A10542
 
SPONSOR: Rules (Reyes)
  TITLE OF BILL: An act to amend the general business law, in relation to travel insur- ance companies providing refunds for travel cancelled due to coronavirus disease 2019 (COVID-19); and providing for the repeal of such provisions upon the expiration thereof   PURPOSE OR GENERAL IDEA OF BILL: This bill would require travel insurance companies to provide refunds for travel cancelled due to coronavirus disease 2019 (COVID-19).   SUMMARY OF SPECIFIC PROVISIONS: ' Section 1 states that all travel insurance refund, without any penalty in the form of of any contractual, cancellation period, to York who cancels travel due to coronavirus companies shall provide .a full deduction of fees and regardless any resident of the state of New disease 2019 (COVID19). Section 2 sets the effective date.   JUSTIFICATION: The federal government and New York State have declared emergencies over the coronavirus (COVID-19) pandemic. This bill would require travel insurance companies to provide refunds for travel cancelled due to the coronavirus disease 2019 (COVID-19).   PRIOR LEGISLATIVE HISTORY: New bill   FISCAL IMPLICATIONS: None   EFFECTIVE DATE: This act shall take effect immediately provided that the provisions of this act shall expire and be deemed repealed upon the expiration of the declared state of emergency relating to the novel coronavirus (COVID- 19); and provided, further, that the superintendent of financial services shall notify the legislative bill drafting commission upon occurrence of the expiration of the state disaster emergency declared by executive order number 202 and any further amendments or modifications, and as may be further extended pursuant to section 28 of the executive law, in order that the commission may maintain an accurate and timely effective data base of the official text of the laws of the state of New York in furtherance of effectuating the provisions of section 44 of the legislative and section 70-b of the public officers law.
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A10542 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          10542
 
                   IN ASSEMBLY
 
                                      May 28, 2020
                                       ___________
 
        Introduced  by  COMMITTEE  ON RULES -- (at request of M. of A. Reyes) --
          read once and referred to the Committee on Insurance
 
        AN ACT to amend the general business law, in relation to  travel  insur-
          ance companies providing refunds for travel cancelled due to coronavi-
          rus  disease  2019  (COVID-19);  and  providing for the repeal of such
          provisions upon the expiration thereof

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. The general business law is amended by adding a new section
     2  157-b to read as follows:
     3    §  157-b.  Travel  insurance  refunds.  All travel insurance companies
     4  shall provide a  full  refund,  without  any  penalty  in  the  form  of
     5  deduction of fees and regardless of any contractual cancellation period,
     6  to any resident of the state of New York who cancels travel due to coro-
     7  navirus disease 2019 (COVID-19).
     8    §  2.  This  act  shall  take  effect  immediately  provided  that the
     9  provisions of this act shall expire and  be  deemed  repealed  upon  the
    10  expiration  of  the  declared  state  of emergency relating to the novel
    11  coronavirus (COVID-19); and provided, further, that  the  superintendent
    12  of financial services shall notify the legislative bill drafting commis-
    13  sion  upon  occurrence of the expiration of the state disaster emergency
    14  declared by executive order number 202 and  any  further  amendments  or
    15  modifications,  and as may be further extended pursuant to section 28 of
    16  the executive law, in order that the commission may maintain an accurate
    17  and timely effective data base of the official text of the laws  of  the
    18  state  of  New  York  in  furtherance  of effectuating the provisions of
    19  section 44 of the legislative law and section 70-b of the  public  offi-
    20  cers law.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15975-04-0
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A10542 LFIN:

 NO LFIN
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A10542 Chamber Video/Transcript:

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