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NY A10153
Bill
Status
2/12/2026
Primary Sponsor
David Weprin
Click for details
AI Summary
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Removes the June 2, 2028 expiration date for the New York Compensation Insurance Rating Board's authority to file loss costs and statistical information with the Department of Financial Services, making this authorization permanent
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Eliminates the sunset provision that would have repealed Section 10 of Chapter 11 of the Laws of 2008 on June 2, 2028
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Maintains the requirement that rate service organizations for workers' compensation must file loss cost reports annually on or before June 1st
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Preserves existing requirements for public hearings when loss cost filings increase by 5% or more over the prior year's approved costs
Legislative Description
Makes provisions relating to the New York compensation insurance rating board's authorization to make filings with the department of financial services permanent.
Last Action
referred to insurance
2/12/2026