Enacts the "New York utility corporation securitization act"; allows electric corporations to petition the public service commission for authority to issue storm recovery bonds.
Relates to parametric insurance; requires insurers providing parametric insurance include certain disclosures in the application for the policy; makes related provisions.
Requires insurance policies which cover certain water or water-borne material damage also cover certain damage caused directly or indirectly by an excluded peril contributing concurrently or in any sequence.
Extends provisions of law relating to requiring certain agencies to submit regulatory agendas for publication in the state register from December 31, 2024 until December 31, 2028.
Extends certain provisions relating to expanded polystyrene foam container and polystyrene loose fill packaging ban and relating to moneys collected for violations of such ban to January 1, 2030.
Relates to the waiver of costs, fees, and expenses for persons of insufficient means; removes the phrase "poor persons" from article 11 of the civil practice law and rules and the criminal procedure law.