Senate Bill S4483

Signed By Governor
2021-2022 Legislative Session

Allows credit cards to offer an ancillary benefit for wireless communications equipment

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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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2021-S4483 (ACTIVE) - Details

See Assembly Version of this Bill:
A4672
Law Section:
Insurance Law
Laws Affected:
Amd §3442, Ins L

2021-S4483 (ACTIVE) - Summary

Allows credit cards to offer an ancillary benefit for wireless communications equipment.

2021-S4483 (ACTIVE) - Sponsor Memo

2021-S4483 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   4483
 
                        2021-2022 Regular Sessions
 
                             I N  S E N A T E
 
                             February 5, 2021
                                ___________
 
 Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 AN ACT to amend the insurance law, in relation to allowing credit  cards
   to offer an ancillary benefit for wireless communications equipment
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 12 of subsection  (d)  of  section  3442  of  the
 insurance  law, as amended by chapter 318 of the laws of 2008, is renum-
 bered paragraph 13 and amended, and a new paragraph 12 is added to  read
 as follows:
   (12) LOSS OF OR DAMAGE TO WIRELESS COMMUNICATIONS EQUIPMENT OR LOSS OF
 USE  RESULTING  FROM  A  DEFECT  IN MATERIALS OR WORKMANSHIP TO WIRELESS
 COMMUNICATION EQUIPMENT, WHERE:
   (A) THE WIRELESS COMMUNICATIONS EQUIPMENT IS OWNED OR LEASED BY;
   (I) AN AUTHORIZED USER; OR
   (II) A BENEFICIARY OTHER THAN  AN  AUTHORIZED  USER,  IF  COVERAGE  IS
 PROVIDED  UNDER  THE ACCOUNT GROUP POLICY TO THE BENEFICIARY AS AN ADDI-
 TIONAL INSURED;
   (B) THE ACCOUNT GROUP MEMBER'S PAYMENT MEDIUM IS USED  TO  OBTAIN  THE
 WIRELESS SERVICES RELATED TO THE WIRELESS COMMUNICATION EQUIPMENT;
   (C)  THE  AMOUNT  OF COVERAGE DOES NOT EXCEED TEN THOUSAND DOLLARS PER
 WIRELESS COMMUNICATIONS EQUIPMENT, BUT IN NO EVENT  SHALL  THE  COVERAGE
 EXCEED  FIFTY  THOUSAND  DOLLARS  IN  THE AGGREGATE PER GROUP MEMBER PER
 POLICY YEAR;
   (D) THE PERIOD OF COVERAGE FOR THE  WIRELESS  COMMUNICATION  EQUIPMENT
 DOES  NOT  EXCEED  60 DAYS FROM EACH DATE WIRELESS SERVICES ARE CHARGED,
 DEBITED, OR DRAWN; AND
   (E) FOR PURPOSES OF THIS PARAGRAPH, THE TERM "WIRELESS  COMMUNICATIONS
 EQUIPMENT"  SHALL  MEAN  WIRELESS  HANDSETS,  PAGERS,  PERSONAL  DIGITAL
 ASSISTANTS, WIRELESS TELEPHONES  OR  WIRELESS  TELEPHONE  BATTERIES  AND
 OTHER  WIRELESS DEVICES AND ACCESSORIES RELATED TO SUCH DEVICES THAT ARE
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.

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