NY A08413

Extends the authorization for certain insurance filing requirement exemptions from June 30, 2025 to June 30, 2027

Applies to domestic property/casualty insurance companies maintaining surplus to policyholders at least twice the minimum required for their authorized insurance types

Also covers reciprocal insurers licensed under Article 61 that maintain at least the minimum required surplus to policyholders

Qualifying insurers must derive at least 90% of total direct premiums from medical malpractice insurance, have reinsurance premiums under 5% of total direct premiums, and write 90% of direct premiums in New York State

Takes effect immediately upon passage