New York residents employed by out-of-state employers can obtain property/casualty or liability coverage under their employer's policy.
New York Assembly Bill A00853 amends the insurance law to allow residents employed by employers based in another state to obtain property/casualty or liability coverage under a policy issued to their employer in that state. This coverage is permissible if the policy is an approved policy issued by an insurer licensed in the other state, has been approved for sale in that state, and is provided without cost to the New York resident.
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- Core Provisions
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- Legal Framework
- Critical Issues
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