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 applies to domestic property/casualty insurers with strong financial reserves (at least double the minimum surplus) or reciprocal insurers meeting minimum surplus requirements. To qualify, insurers must write at least 90% of their direct premiums as medical malpractice insurance, assume less than 5% of reinsurance premiums, and write 90% of premiums within the state. The change simplifies reporting for these insurers but does not alter insurance coverage or consumer protections.
Bill status
in committee
1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 20, 2025
Last action Jan 7, 2026
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 7, 2026
Committee
REFERRED TO INSURANCE
upper
Feb 20, 2025
Committee
REFERRED TO INSURANCE
upper
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Jamaal Bailey
DDemocratic/Working Families
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