STATE OF NEW YORK ________________________________________________________________________ 2819 2019-2020 Regular Sessions IN ASSEMBLY January 25, 2019 ___________ Introduced by M. of A. ORTIZ, PEOPLES-STOKES, WALKER, COOK, SOLAGES -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to the inclusion of busi- ness interruption insurance in all commercial insurance policies The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (a) of section 3420 of the insurance law is 2 amended by adding a new paragraph 7 to read as follows: 3 (7) A provision in all commercial insurance policies providing cover- 4 age against the loss of perishable property due to a black-out or power 5 outage that lasts twelve hours or longer. 6 § 2. This act shall take effect immediately and shall apply to all 7 policies issued, renewed, or altered on or after such effective date. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07534-01-9