Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
May 01, 2020 |
print number 8211a |
May 01, 2020 |
amend and recommit to insurance |
Apr 17, 2020 |
referred to insurance |
Senate Bill S8211A
2019-2020 Legislative Session
Sponsored By
(D) 26th Senate District
Archive: Last Bill Status - In Senate Committee Insurance 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
Actions
Bill Amendments
co-Sponsors
(D, WF) 37th Senate District
(D, IP, WF) Senate District
(D, WF) Senate District
(D, WF) 48th Senate District
2019-S8211 - Details
- See Assembly Version of this Bill:
- A10226
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance
- Versions Introduced in 2021-2022 Legislative Session:
-
S4711, A1937
2019-S8211 - Sponsor Memo
BILL NUMBER: S8211 SPONSOR: GOUNARDES TITLE OF BILL: An act in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic PURPOSE OR GENERAL IDEA OF BILL: This bill is intended to hold harmless businesses who currently hold business interruption insurance, for losses sustained as a result of the current COVID-19 health emergency, but for which no such coverage is currently offered. SUMMARY OF PROVISIONS: Section 1 provides a mechanism by which certain businesses that suffer losses due to interruption as a result of the COVID-2019 pandemic may recover those losses from their insurer if they had a policy of business
2019-S8211 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8211 I N S E N A T E April 17, 2020 ___________ Introduced by Sens. GOUNARDES, MAYER -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. (a) Notwithstanding any provisions of law, rule or regu- lation to the contrary, every policy of insurance insuring against loss or damage to property, which includes, but is not limited to, the loss of use and occupancy and business interruption, shall be construed to include among the covered perils under that policy, coverage for busi- ness interruption during a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (b) Every policy of insurance insuring against loss or damage to prop- erty, which includes, but is not limited to, the loss of use and occu- pancy and business interruption, whose policy expires during a period of a declared state emergency due to the coronavirus disease 2019 (COVID- 19) pandemic, shall be subject to an automatic renewal of the policy at the current rate of charge. (c) Any clause or provision of a policy of insurance insuring against loss or damage to property, which includes, but is not limited to, the loss of use and occupancy and business interruption, which allows the insurer to deny coverage based on a virus, bacterium, or other microor- ganism that causes disease, illness, or physical distress or that is capable of causing disease illness, or physical distress shall be null and void; provided, however, the remaining clauses and provisions of the contract shall remain in effect for the duration of the contract term. (d) The coverage required by this section shall indemnify the insured, subject to the limits under the policy, for any loss of business or business interruption for the duration of a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (e) This section shall apply to policies issued to insureds with less than 250 eligible employees in force on the effective date of this act. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
co-Sponsors
(D, WF) 37th Senate District
(D) 15th Senate District
(D, WF) Senate District
(D) Senate District
2019-S8211A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10226
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance
- Versions Introduced in 2021-2022 Legislative Session:
-
S4711, A1937
2019-S8211A (ACTIVE) - Sponsor Memo
BILL NUMBER: S8211A SPONSOR: GOUNARDES TITLE OF BILL: An act in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic PURPOSE OR GENERAL IDEA OF BILL: This bill is intended to hold harmless businesses and non-profits who currently hold business interruption insurance, for losses sustained as a result of the current COVID-19 health emergency, but for which no such coverage is currently offered. SUMMARY OF PROVISIONS: Section 1 Defines terms Section 2 provides a mechanism by which certain businesses that suffer
2019-S8211A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8211--A I N S E N A T E April 17, 2020 ___________ Introduced by Sens. GOUNARDES, MAYER, KAPLAN, KENNEDY, MAY, PERSAUD, SEPULVEDA -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said commit- tee AN ACT in relation to requiring certain perils be covered under business interruption insurance during the coronavirus disease 2019 (COVID-19) pandemic THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. For the purposes of this act: (a) "business" shall mean a business registered with the department of tax and finance or not-for-profit corporation registered with the Attor- ney General's charities bureau. (b) "income" shall mean traditional business income as well as not- for-profit revenue from donations, sponsorships, and grants. (c) "net written premiums received" shall mean gross direct premiums written, less return premiums thereon and dividends credited or paid to policyholders, as reported on the company's annual financial statement. (d) "premium taxes" shall mean payments required under subdivision (d) of section 2118 of the insurance law. § 2. (a) Notwithstanding any provisions of law, rule or regulation to the contrary, every policy of insurance insuring against loss or damage to property, which includes, but is not limited to, the loss of use and occupancy and business interruption, shall be construed to include among the covered perils under that policy, coverage for business interruption during a period of a declared state emergency due to the coronavirus disease 2019 (COVID-19) pandemic. (b) Every policy of insurance insuring against loss or damage to prop- erty, which includes, but is not limited to, the loss of use and occu- pancy and business interruption, whose policy expires during a period of a declared state emergency due to the coronavirus disease 2019 (COVID- 19) pandemic, shall be subject to an automatic renewal of the policy at the current rate of charge. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
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