NY A03819

Extends the exemption from insurance filing requirements for domestic property/casualty insurance companies and reciprocal insurers specializing in medical malpractice insurance from June 30, 2025 to June 30, 2030

Removes the previous requirement that qualifying insurers must have reinsurance premiums of less than 5% of total direct premiums written

Maintains eligibility requirements that insurers must have at least 90% of total direct premiums from medical malpractice insurance and write at least 90% of direct premiums in New York State

Requires domestic property/casualty insurers to maintain surplus to policyholders of at least twice the minimum required amount; reciprocal insurers must maintain at least the minimum required surplus