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NY A06595
Bill
Status
8/7/2025
Primary Sponsor
David Weprin
Click for details
AI Summary
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Extends the exemption for certain stock and non-stock medical malpractice insurance companies from specific regulatory provisions under section 1324 of the insurance law from December 31, 2025 to December 31, 2028
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Prohibits the superintendent from filing applications for rehabilitation or liquidation of domestic medical malpractice insurers based on certain grounds until December 31, 2028, extended from the previous deadline of December 31, 2025
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Provides a three-year extension of existing regulatory protections for medical malpractice insurance companies operating in New York
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Takes effect immediately upon passage
Legislative Description
Extends certain provisions relating to medical malpractice insurers until December 31, 2028.
Last Action
signed chap.222
8/7/2025