Bill > S06568

This bill establishes the Construction Insurance Notification Act (CINA), which requires insurance companies to take specific steps when issuing construction-related insurance policies. Under the new law, insurers must ask applicants whether their insurance will be used to obtain a government permit for construction activities like building, demolition, repair, or alteration. If the answer is yes, the applicant must provide the contact information for the relevant government agency. When such an insurance policy lapses or is canceled, the insurer must notify the specified government agency within ten days of the change. Importantly, if the insurer fails to provide timely notification, the insurance policy will remain in full force and effect for its original term, which creates a strong incentive for insurers to promptly communicate any policy changes. The bill is designed to help government agencies stay informed about the insurance status of construction projects, potentially improving oversight and safety. The law will go into effect 90 days after being signed.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S6568