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NY A04156
Bill
Status
1/31/2025
Primary Sponsor
Michael Reilly
Click for details
AI Summary
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Requires insurance companies to mail or deliver notice of new premium quotes for commercial policy renewals at least 90 days before the policy expiration date
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Amends Section 3426 of the insurance law, which governs commercial risk insurance policies
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Maintains existing 60-day advance notice requirement for general policy renewal notices and 30-day requirement for excess liability policies and jumbo risks
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Introduced by Assembly Member Reilly and referred to the Committee on Insurance
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Takes effect immediately upon passage
Legislative Description
Requires a notice of a change in premium for a renewal of a commercial insurance policy shall be mailed or delivered at least ninety days in advance of the expiration date of such policy.
Last Action
referred to insurance
1/7/2026