S 10298 New York Senate · 2025 Regular Session

Enacts the "Terminate Excessive Cross-state Actuarial Subsidization (TEXAS) Act"

Summary
Enacts the "Terminate Excessive Cross-state Actuarial Subsidization (TEXAS) Act" which requires life insurance companies to take state specific population health information into account as a factor; requires the superintendent of financial services to develop a standard weight to be given to state specific population health information in rate-setting.
Bill status in committee 1 of 4 stages cleared
Introduction
May 2026
Committee Review
Floor Vote
Governor
Introduced May 12, 2026 Last action May 12, 2026
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Full legislative history

Actions timeline

Total actions
1
Key actions
0
Committee
1
May 12, 2026
Committee
REFERRED TO INSURANCE
upper
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of James Skoufis
James Skoufis
DDemocratic
NY
42