Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 05, 2022 |
referred to insurance |
Jan 13, 2021 |
referred to insurance |
Assembly Bill A1937
2021-2022 Legislative Session
Sponsored By
CARROLL
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
Actions
co-Sponsors
Patricia Fahy
Judy Griffin
Harvey Epstein
Stacey Pheffer Amato
multi-Sponsors
Charles Lavine
David McDonough
2021-A1937 (ACTIVE) - Details
2021-A1937 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1937 2021-2022 Regular Sessions I N A S S E M B L Y January 13, 2021 ___________ Introduced by M. of A. CARROLL, FAHY, GRIFFIN, EPSTEIN, PHEFFER AMATO, DINOWITZ, CUSICK, BARRETT, COLTON, THIELE, FALL, FRONTUS, GLICK, ROZIC, JONES, JACOBSON, NIOU, SIMON, OTIS, WOERNER, SEAWRIGHT, LUPAR- DO, L. ROSENTHAL, ANDERSON, EICHENSTEIN, BRONSON, STECK, GALEF, REYES, J. RIVERA, TAYLOR, DAVILA -- Multi-Sponsored by -- M. of A. ENGLE- BRIGHT, LAVINE, McDONOUGH -- read once and referred 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. 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 subsection (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. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD05440-01-1
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