New York A00979 allows service providers to maintain up to five service contract reimbursement insurance policies for their actively offered service.
New York A00979 amends the insurance law to allow each service provider to maintain a maximum of five service contract reimbursement insurance policies. These policies must insure the provider's obligations under all service contracts actively offered. If a provider fails to insure its obligations or if the insurance lapses or is terminated, the provider must comply with alternative requirements within 45 days. The changes take effect immediately.
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