A 4865: Requires fire insurance for any building where bicycles with electric assist are repaired, sold, rented, or stored for repair, sale or rental; requires insurance coverage of at least one million dollars and an additional one hundred thousand dollars per tenant if tenants reside in such building.

  
  STATE OF NEW YORK ________________________________________________________________________ 4865 2025-2026 Regular Sessions  IN ASSEMBLY February 6, 2025 ___________ Introduced by M. of A. CHANG, NOVAKHOV, BROOK-KRASNY -- read once and referred to the Committee on Consumer Affairs and Protection AN ACT to amend the general business law, in relation to requiring fire insurance for any building where bicycles with electric assist are repaired, sold, rented, or stored for repair, sale or rental The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The general business law is amended by adding a new section 2 391-x to read as follows: 3 § 391-x. Repair, sale, or rental of bicycles with electric assist; 4 fire insurance. 1. On and after January first, two thousand twenty-six, 5 any owner of a building where bicycles with electric assist are 6 repaired, sold, rented, or stored for repair, sale or rental shall: 7 (a) maintain fire insurance coverage of at least one million dollars 8 and an additional one hundred thousand dollars per tenant if tenants 9 reside in such building; and 10 (b) maintain a certificate of insurance demonstrating compliance with 11 this section. 12 2. Whenever a fire-related emergency or other fire-related incident 13 occurs in a building where bicycles with electric assist are repaired, 14 sold or rented, or stored for repair, sale or rental, no bicycles with 15 electric assist, including batteries or electrical systems for bicycles 16 with electric assist, shall be stored on the premises for any purpose 17 until the premises have been inspected and determined to be in compli- 18 ance with all relevant laws and regulations by an appropriate and quali- 19 fied inspector as determined by the local government. 20 3. For the purposes of this section, "bicycle with electric assist" 21 shall have the same meaning as section one hundred two-c of the vehicle 22 and traffic law and shall further include any batteries or electrical 23 systems for a bicycle with electric assist. 24 § 2. This act shall take effect on the sixtieth day after it shall 25 have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD07623-01-5