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NY A04259

Bill

Official Source

Status

Introduced

1/31/2025

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2025-2026 General Assembly

AI Summary

  • Authorizes the Superintendent of Financial Services to hire actuaries as needed to assist with reviewing insurance rate or form filings under Article 34 of the Insurance Law

  • Requires the entity that submitted the filing, or the person for whom actuarial services were performed, to pay the actuary directly rather than the state covering the cost

  • Takes effect immediately upon passage

  • Contains a sunset provision expiring January 1, 2029, at which point the law will be automatically repealed

Legislative Description

Authorizes the superintendent of financial services to hire an actuary to assist with reviewing any rate or form filing submitted to the superintendent.

Last Action

referred to insurance

1/7/2026

Committee Referrals

Insurance1/31/2025

Full Bill Text

No bill text available