New York A00425 expands eligibility for the coastal market assistance program to include properties within one mile of the Hudson River.

New York A00425 amends the insurance law to increase the number of properties eligible for the coastal market assistance program. The bill specifies that properties within one mile of the shore, including the Hudson River, are now eligible. The insurance association may adopt additional eligibility standards, but the minimum requirement is being within one mile of the shore. This change aligns with previous legislative amendments to the insurance law, taking effect on the same date as those changes.

New York A00425 expands eligibility for the coastal market assistance program to include properties within one mile of the Hudson River.

New York A00425 amends the insurance law to increase the number of properties eligible for the coastal market assistance program. The bill specifies that properties within one mile of the shore, including the Hudson River, are now eligible. The insurance association may adopt additional eligibility standards, but the minimum requirement is being within one mile of the shore. This change aligns with previous legislative amendments to the insurance law, taking effect on the same date as those changes.