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NY A03770

Bill

Official Source

Status

Introduced

1/30/2025

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Amends Section 2324 of the New York Insurance Law to create an exemption from rebating and discrimination prohibitions for insurers

  • Permits insurers to offer loss mitigation or loss control programs to policyholders at no cost or reduced cost

  • Requires such programs to comply with regulations promulgated by the Superintendent of Insurance

  • Takes effect immediately upon passage

Legislative Description

Provides that certain provisions relating to rebating and discrimination regarding insurance contracts shall not prohibit any insurer from providing loss mitigation or loss control programs at no cost or a reduced cost to policyholders.

Last Action

reported referred to codes

2/25/2026

Committee Referrals

Codes2/25/2026
Insurance1/30/2025

Full Bill Text

No bill text available