Provides for the issuance of pet insurance

This bill defines "pet insurance" in New York's insurance law as coverage for accidents and illnesses of pets, distinct from animal insurance. It requires insurers to clearly disclose key terms like preexisting conditions (including chronic, congenital, or hereditary conditions), exclusions, and policy limitations before sale. Insurers must also provide a 30-day "free look" period during which pet owners can return policies for a full refund without explanation. The law mandates transparent disclosure of claim payment methods and benefit schedules to help consumers understand coverage details.