NY S07764

Expands definition of "domestic insurer" under risk-based capital requirements to include health maintenance organizations domiciled in New York and certified or operating in at least one other state, with different filing deadlines (April 15 instead of March 15 for HMOs)

Modifies company action level event thresholds in risk-based capital calculations by changing the multiplier from 2.5 to 3.0 for authorized control level determinations

Extends motor vehicle insurance rate prior approval requirements and property/casualty insurance provisions from June 30, 2014 through June 30, 2017

Adds year 2017 as an additional reporting date for the superintendent to collect and compile statistical analysis reports on new and non-renewed insureds in property/casualty insurance markets

Extends exemptions for certain new automobile insurance policies and modifies expiration dates for New York property insurance underwriting association provisions to June 30, 2017

Repeals section 2341 of insurance law relating to the consumers advisory council and business advisory council