Assembly Bill A10542

2019-2020 Legislative Session

Requires travel insurance companies to provide refunds for travel cancelled due to coronavirus disease 2019 (COVID-19)

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2019-A10542 (ACTIVE) - Details

See Senate Version of this Bill:
S8124
Current Committee:
Assembly Insurance
Law Section:
General Business Law
Laws Affected:
Add §157-b, Gen Bus L
Versions Introduced in 2021-2022 Legislative Session:
S2052

2019-A10542 (ACTIVE) - Summary

Requires travel insurance companies to provide refunds for travel cancelled due to coronavirus disease 2019 (COVID-19).

2019-A10542 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10542
 
                           I N  A S S E M B L Y
 
                               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:
 
   Section 1. The general business law is amended by adding a new section
 157-b to read as follows:
   §  157-B.  TRAVEL  INSURANCE  REFUNDS.  ALL TRAVEL INSURANCE COMPANIES
 SHALL PROVIDE A  FULL  REFUND,  WITHOUT  ANY  PENALTY  IN  THE  FORM  OF
 DEDUCTION OF FEES AND REGARDLESS OF ANY CONTRACTUAL CANCELLATION PERIOD,
 TO ANY RESIDENT OF THE STATE OF NEW YORK WHO CANCELS TRAVEL DUE TO CORO-
 NAVIRUS DISEASE 2019 (COVID-19).
   §  2.  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 provisions of this act shall expire and  be  deemed  repealed  upon  the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 commis-
 sion  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 law and section 70-b of the  public  offi-
 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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