NY S04960

Removes the requirement that insurance business must be underwritten and transacted from an office within New York State to qualify for exemption from rate and policy form filing requirements

Maintains existing exemption criteria including: risks producing minimum annual premiums exceeding $100,000, unusual or high-hazard risks, or policies issued to large commercial insureds using special risk managers

Continues the exemption for large commercial insureds with special risk managers until June 30, 2027, excluding medical malpractice insurance policies

Requires unfiled policy forms to be submitted to the superintendent for informational purposes within 3 business days of first delivery or 60 calendar days after policy inception