Bill > S06569

This bill, known as the Certificate of Insurance Reliability Act (CIRA), makes several key changes to insurance law in New York regarding certificates of insurance. The bill requires that all certificates of insurance for activities within New York be issued by insurers and be binding on those insurers. Additionally, the bill modifies existing regulations about when and how certificates of insurance can be required, specifically for personal injury and property damage liability insurance. Under the new provisions, governmental entities or contract awarders can only require certificates of insurance that are either forms promulgated directly by the issuing insurer or forms approved by the state superintendent of insurance. These changes aim to standardize and clarify the process of issuing and using insurance certificates, potentially making it easier for businesses and contractors to demonstrate their insurance coverage while ensuring the certificates are reliable and consistent. The bill will go into effect 90 days after becoming law, giving insurers and other affected parties time to adapt to the new requirements.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S6569