New York Senate bill in Session 2025-2026.
Status: in_committee. Latest action: February 5, 2026.
Relates to default insurance.
Defines "default insurance" means insurance providing first-party indemnity to a named insured for losses, costs, and expenses sustained by the named insured arising from a third party's material failure, as determined by the named insured, to perform a binding agreement executed by the named insured and such third party, where the third party is not an insured or beneficiary and has no rights under the policy.
| Date | Event | Detail |
|---|---|---|
| 2026-02-05 | Introduced | Bill introduced |
| 2026-02-05 | Status | in_committee |
| 2026-02-05 | Latest Action | In Senate Committee |