Bill > S00771

This bill amends the New York insurance law to expand the coastal market assistance program (CMAP) by adding the Hudson River to the list of waterways where properties within one mile of the shore can be eligible for the program. The coastal market assistance program is designed to help property owners in coastal areas obtain insurance, and this amendment broadens the definition of "shore" to include the Hudson River, alongside existing waterways like salt-water oceans, sounds, bays, inlets, Lake Erie, Lake Ontario, the Saint Lawrence River, and the Niagara River. The bill allows the insurance association administering the program to adopt reasonable eligibility standards for participation, with the minimum requirement being that properties are located within one mile of the specified waterways, measured from the mean high water mark. The legislation aims to provide more property owners along the Hudson River with access to insurance options through the coastal market assistance program.

https://www.nysenate.gov/legislation/bills/2025/S771