Bill Commons

NY S 2442

in committee

Enacts the small insurer protection act prohibiting the filing of an application for an order of rehabilitation or liquidation of a small insurer on certain grounds unless such order is based on certain findings

New York · 2025-2026 Regular Session · upper

Description

Enacts the small insurer protection act prohibiting the filing of an application for an order of rehabilitation or liquidation of a small insurer on certain grounds unless such order is based on: the superintendent's adoption of a report on examination finding the company insolvent; or the annual or quarterly financial statements of the company, which show that the company's admitted assets do not exceed its liabilities and surplus to policyholders if the company does not maintain reserves in an amount determined reasonable by its independent loss reserve specialist or its appointed actuary.

Introduced
—
Status date
—
Latest action
2026-01-07 — REFERRED TO INSURANCE
Bill type
bill
Last updated
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Sponsors

  • Leroy Comrieprimary
  • Andrew J. Lanzacosponsor
  • Zellnor Myriecosponsor
  • Anthony H. Palumbocosponsor
  • Kevin S. Parkercosponsor
  • Toby Ann Staviskycosponsor

Committees

Not provided by source.

Action timeline

  1. 2025-01-17

    REFERRED TO INSURANCE

    referral-committee

  2. 2026-01-07

    REFERRED TO INSURANCE

    referral-committee

Versions

Documents

Votes

Not provided by source.

Related bills

Official source

https://legislation.nysenate.gov/api/3/bills/2025-2026/S2442?summary=&detail=

Attribution

Data from openstates_bulk_csv, retrieved 2026-07-24T05:28:30.722574Z

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