Provides for the issuance of pet insurance

This bill establishes a legal framework for pet insurance in New York by defining specific terms and outlining requirements for insurance companies. It mandates that insurers clearly define concepts like preexisting conditions, waiting periods, and chronic illnesses within their policies and make these definitions easily accessible online. The legislation also requires companies to disclose important details such as claim payment formulas, exclusions, and whether premiums change based on a pet's age or location. Additionally, the bill grants consumers a 30-day "free look" period to review and return a policy without filing a claim for a full refund.