Expands authorization for certain exemptions from filing requirements

This bill extends an exemption from certain insurance filing requirements for specific insurers until June 30, 2025. It directly affects New York-based property/casualty insurers and reciprocal insurers that maintain strong financial reserves (at least twice the minimum for their coverage type, or the minimum for reciprocal insurers) and write at least 90% of their total premiums as medical malpractice insurance within New York state. The exemption allows these insurers to avoid submitting certain routine reports, reducing administrative burden. The change modifies existing insurance law provisions and takes effect immediately.