NY S08074

Repeals and replaces section 1325 of the insurance law to exempt stock and non-stock insurance companies from certain provisions through December 31, 2015.

Adds new section 1326 establishing obligations for insurance companies regarding liabilities from authorized associations, requiring 365 days' notice before contributions are due and limiting liabilities to those actually due in the year of contribution.

Extends the deadline for applying for rehabilitation or liquidation of medical malpractice insurers from June 30, 2011 to December 31, 2015.

Requires the Superintendent of Insurance to establish regulations providing premium rate reductions for physicians, hospitals, and nursing facilities that meaningfully use certified electronic health record technology under the federal American Recovery and Reinvestment Act of 2009, with reductions proportionate to actuarially calculable loss decreases.

Authorizes the Superintendent to conduct a pilot program to evaluate loss decreases from electronic health record technology use, consulting with the Commissioner of Health and medical malpractice insurers.