Assembly Bill A3819

2025-2026 Legislative Session

Expands authorization for certain exemptions from filing requirements

download bill text pdf

Sponsored By

Current Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A3819 (ACTIVE) - Details

See Senate Version of this Bill:
S5329
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §6302, Ins L
Versions Introduced in 2023-2024 Legislative Session:
A10298, S9136

2025-A3819 (ACTIVE) - Summary

Expands authorization for certain exemptions from filing requirements.

2025-A3819 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3819
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 30, 2025
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Insurance
 
 AN  ACT  to  amend  the insurance law, in relation to expanding authori-
   zation for certain exemptions from filing requirements
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph 3 of subsection (c) of section 6302 of the insur-
 ance  law, as amended by chapter 158 of the laws of 2023, is  amended to
 read as follows:
   (3) until June thirtieth, two thousand [twenty-five] THIRTY, a  domes-
 tic  property/casualty  insurance  company that maintains at all times a
 surplus to policyholders of at least twice the minimum surplus to  poli-
 cyholders  required  to be maintained for the kinds of insurance that it
 is authorized to write in this state, or an insurer licensed pursuant to
 article sixty-one of this chapter as a reciprocal insurer that maintains
 at all times a surplus to policyholders of at least the minimum  surplus
 to  policyholders  required  to be maintained for the kinds of insurance
 that it is authorized to write in this state, provided that the domestic
 property/casualty insurance company or  reciprocal  insurer:    (A)  has
 total direct premiums comprised of at least ninety percent medical malp-
 ractice  insurance;  [(B) assumes reinsurance premiums in an amount that
 is less than five percent of total direct premiums written;]  and  [(C)]
 (B) writes ninety percent of its total direct premiums in this state.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07822-01-5

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