NY A10298

Extends the expiration date for certain insurance company exemptions from filing requirements from June 30, 2025 to June 30, 2029.

Applies to domestic property/casualty insurance companies and reciprocal insurers that maintain surplus to policyholders at least twice (or equal to, for reciprocal insurers) the minimum required amount.

Removes the requirement that reinsurance premiums be less than five percent of total direct premiums written.

Maintains requirements that qualifying insurers have at least 90 percent of total direct premiums comprised of medical malpractice insurance and write 90 percent of total direct premiums in New York State.

Takes effect immediately upon enactment.