S 10581

                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
                                   10581
                             I N  S E N A T E
                               May 27, 2026
                                ___________
 Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 AN ACT to amend chapter 490 of the laws of 2017 amending  the  insurance
   law relating to limits on certain supplementary insurance, in relation
   to the effectiveness thereof
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
   Section 1. Section 2 of chapter 490 of the laws of 2017  amending  the
 insurance  law relating to limits on certain supplementary insurance, as
 amended by chapter 181 of the laws  of  2023,  is  amended  to  read  as
 follows:
   § 2. This act shall take effect on the one hundred eightieth day after
 it  shall  have  become a law, and shall apply to new insurance policies
 and contracts issued on and after such effective date and  shall  expire
 and be deemed repealed June 30, [2026] 2029.
   § 2. This act shall take effect immediately.
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15867-01-6