Assembly BillChaptered/Signed
A 425: Increases the number of properties eligible for the coastal market assistance program to include properties located within one mile off the shore of the Hudson River.
What A 425 does, verified July 2, 2025
The bill aims to increase the number of properties eligible for the Coastal Market Assistance Program. The program will be administered by the association, which can set reasonable eligibility standards for participation. Properties must be located within one mile of the shore, with the definition of "shore" including salt-water ocean, sound, bay, inlet, lake Erie, lake Ontario, the Saint Lawrence River, the Hudson River, or the Niagara River. The association can adopt additional or more expansive eligibility standards for participation in the program. The bill takes effect on the same date and in the same manner as another bill that was proposed.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: signed chap.11 (2025-02-05)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions14 total · showing 5
| Feb. 14, 2025 | signed chap.11 |
| Feb. 12, 2025 | delivered to governor |
| Feb. 05, 2025 | PASSED SENATE |
| Feb. 05, 2025 | 3RD READING CAL.45 |
| Feb. 05, 2025 | SUBSTITUTED FOR S771 |
Latest bill textIntroduced version, January 8, 2025 · 331 words
STATE OF NEW YORK ________________________________________________________________________ 425 2025-2026 Regular Sessions IN ASSEMBLY (Prefiled) January 8, 2025 ___________ Introduced by M. of A. OTIS -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to increasing the number of properties eligible for the coastal market assistance program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (c) of section 5414 of the insurance law, as 2 amended by a chapter of the laws of 2024 amending the insurance law 3 relating to increasing the number of properties eligible for the coastal 4 market assistance program, as proposed in legislative bills numbers S. 5 8320-A and A. 9821, is amended to read as follows: 6 (c) The association shall administer the coastal market assistance 7 program. The association may, subject to approval of the superintendent, 8 adopt reasonable eligibility standards for participation in the coastal 9 market assistance program. At a minimum, properties eligible for the 10 program shall be located within one mile of the shore. For purposes of 11 this section, shore shall mean salt-water ocean, sound, bay, inlet, Lake 12 Erie, Lake Ontario, the Saint Lawrence River, the Hudson River, or the 13 Niagara River with distance measured from mean high water. The associ- 14 ation may adopt additional or more expansive eligibility standards for 15 participation in the coastal market assistance program. 16 § 2. This act shall take effect on the same date and in the same 17 manner as a chapter of the laws of 2024 amending the insurance law 18 relating to increasing the number of properties eligible for the coastal 19 market assistance program, as proposed in legislative bills numbers S. 20 8320-A and A. 9821, takes effect. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD02912-01-5
Text of A 425 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions