New York A00071 allows liability policies to cover punitive damages, civil penalties, and other non-compensatory damages.
New York A00071 amends the insurance law to permit liability policies to cover punitive damages, civil penalties, and other non-compensatory damages. This applies to personal lines insurance for non-business purposes and commercial automobile liability insurance. Coverage extends to vicarious liability from another's conduct or gross negligence but excludes intentional harm. The changes take effect immediately for policies issued after the bill's effective date.
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