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NY A10529
Bill
Status
Introduced
3/6/2026
Primary Sponsor
Emerita Torres
Click for details
AI Summary
- Requires all property/casualty insurance companies in New York to submit annual reports to the Department of Financial Services on multifamily residential buildings (properties with 2+ dwelling units)
- Reports must include collected premiums, claims paid, and any additional information required by the department in consultation with the Division of Housing and Community Renewal
- Annual reports are due by March 1st for the prior calendar year, in a form prescribed by the superintendent
- Department must create a public-facing database for accessing submitted reports, with trade secrets and sensitive commercial information aggregated and de-identified rather than published directly
- Takes effect 180 days after becoming law, with immediate authority to develop implementing regulations
Legislative Description
Requires property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services.
Last Action
referred to insurance
3/6/2026
Committee Referrals
Insurance3/6/2026
Full Bill Text
No bill text available