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A 1062

Relates to service contracts for accidental damages

2025 Regular Session Introduced by Jen Lunsford and 1 co-sponsor

A 1062 seeks to regulate service contracts for accidental damages, potentially changing how they are sold, disclosed, and enforced in New York.

REPORTED REFERRED TO RULES
0
WeVote Research Nonpartisan
Bill Summary · A 1062

A 1062 — Relates to service contracts for accidental damages

Overview

A 1062 is a New York Assembly bill introduced on January 8, 2025, titled “Relates to service contracts for accidental damages.” Based on the title, the bill concerns service contracts (often referred to as extended warranties or maintenance agreements) that cover accidental damage. The provided information does not include the full text or specifics of the provisions.

Purpose and intent

  • The intended aim appears to be regulation or guidance around service contracts for accidental damages, potentially affecting how such contracts are offered, disclosed, or administered.
  • The exact policy objectives, such as consumer protections, industry requirements, or regulatory standards, are not specified in the available material.

Key provisions

  • The full text and concrete provisions of A 1062 are not included in the information you provided.
  • As such, the specific definitions, coverage rules, exclusions, eligibility, enforcement, and consumer disclosure requirements remain unknown from this data.
  • Related historical context suggests similar topics have been addressed in prior-realm bills (see related bills below), but no direct provisions can be summarized.

Affected parties

  • Consumers who purchase service contracts for accidental damages.
  • Service contract providers and insurers offering such contracts.
  • Retailers or distributors that market products with bundled or standalone service contracts related to accidental damage.

Legislative status and timeline

  • Introduced: January 8, 2025
  • Initial committee referral: Insurance (January 8, 2025)
  • Reported and referred to Rules: May 28, 2025 (listed twice in the actions)
  • Status: REPORTED REFERRED TO RULES (progressing through the Assembly process toward Rules Committee, a step before floor consideration)
  • Related bills from prior sessions: A 10591 and A 1193

Sponsors

  • Primary sponsor: Jen Lunsford
  • Cosponsor: David Weprin

Related bills (context)

  • A 10591 (prior-session)
  • A 1193 (prior-session)
  • These related bills may offer context or precursor provisions that could influence A 1062’s approach if amendments are introduced.

Potential impact (high-level)

  • If enacted, A 1062 could alter how accidental-damage service contracts are sold, disclosed, or regulated in New York.
  • Possible effects on consumer protections, pricing transparency, and provider compliance requirements.
  • The extent of impact will depend on the specific provisions adopted (definitions, required disclosures, coverage conditions, exclusions, claims processes, and enforcement mechanisms).

Next steps for readers

  • Review the full text of A 1062 on the New York Assembly website or legislative publications to understand the exact provisions.
  • Monitor subsequent actions to see if it advances to a floor vote, amendments, or committee reconsiderations.
  • Consider how the bill’s provisions, if enacted, would affect consumers, contract providers, and retailers offering accidental-damage coverage.

If you’d like, I can monitor updates or incorporate any new text into a more detailed, provision-by-provision summary.

Compiled from official sources — confirm details with the bill’s official record.

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