STATE OF NEW YORK ________________________________________________________________________

10798

IN ASSEMBLY

July 10, 2020 ___________

Introduced by COMMITTEE ON RULES -- (at request of M. of A. Barnwell) -- read once and referred to the Committee on Consumer Affairs and Protection

AN ACT to amend the general business law, in relation to requiring contractors and subcontractors to disclose the existence of property and casualty insurance

The People of the State of New York, represented in Senate and Assem- bly, do enact as follows:

1 Section 1. Subdivision 1 of section 771 of the general business law is 2 amended by adding a new paragraph (i) to read as follows: 3 (i) Before a contractor or subcontractor begins work on a home, such 4 writing shall disclose to the homeowner the existence of a property 5 and/or casualty insurance policy that covers the scope of such contrac- 6 tor or subcontractor's employment should an insurance claim be filed 7 resulting from losses arising from the work at such property. Such 8 disclosure shall also include the contact information of the insurance 9 company providing such property and/or casualty insurance, including a 10 phone number and address. 11 § 2. This act shall take effect on the one hundred eightieth day after 12 it shall have become a law.

EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16899-01-0