A 8413 New York Assembly · 2025 Regular Session

Extends authorization for certain exemptions from filing requirements

This bill extends an existing exemption for certain large insurance companies from needing prior state approval for rates and policy forms. It applies specifically to domestic property/casualty insurers with high policyholder surplus or licensed reciprocal insurers meeting strict criteria: at least 90% of their premiums must be medical malpractice insurance, less than 5% of premiums can be reinsurance, and they must write 90% of business in-state. The exemption period is extended until June 30, 2027. This change directly affects qualifying insurers operating in New York, reducing their regulatory burden for rate and form approvals.
Bill status signed all 5 stages cleared
Introduction
May 2025
Committee Review
May 2025
Assembly Passage
May 2025
Senate Passage
Jun 2025
Signed into Law
Jun 2025
Introduced May 14, 2025 Signed Jun 18, 2025
Floor votes · Senate Jun 10, 2025 · Assembly May 21, 2025

How they voted

57–1
Passed · 5 other
Total votes 63
Jun 10, 2025
D Democratic41
36 Yea 1 Nay 4
87% Yea
R Republican22
21 Yea 1
95% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
14
Key actions
3
Committee
3
Jun 18, 2025
Signed into law
SIGNED CHAP.146
lower
Jun 10, 2025
Upper · Passed
PASSED SENATE
upper
May 21, 2025
Committee
REFERRED TO INSURANCE
upper
May 21, 2025
Lower · Passed
PASSED ASSEMBLY
lower
May 20, 2025
Committee
REPORTED REFERRED TO RULES
lower
May 14, 2025
Committee
REFERRED TO INSURANCE
lower
1 primary · 1 co-sponsor

Sponsors