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What is NYC AC § 20-480?

Quick Answer

This section mandates that warehouse operators provide insurance options to customers, specifying that goods must be insured for at least a minimum amount set by the commissioner. Operators are required to inform customers about the minimum insurance rate and the availability of additional coverage. Applies to warehouse operators offering insurance to customers.

General informational summary. Not legal advice for your situation. Consult an attorney before acting on any specific matter.

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§ 20-480 Insurance.

AC § 20-480

Editor's note: this section has been amended by L.L. 2025/171, 11/28/2025, eff. 8/25/2026. Every warehouse operator shall offer insurance to each customer in accordance with terms and conditions to be determined by the commissioner but in no event shall any goods be insured for less than the amount established by the commissioner. All customers shall be informed of the minimum insurance rate and the availability of greater insurance and the charges made for such additional insurance.

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