Shown verbatim: the complete text as captured from the official source posted by the New York State Senate, fetched 2026-08-11. Nothing is edited or removed. Where this bill amends existing law, language marked for deletion in the official source appears here in brackets. The official bill page.
S T A T E O F N E W Y O R K
________________________________________________________________________
6595
2025-2026 Regular Sessions
I N A S S E M B L Y
March 6, 2025
___________
Introduced by M. of A. WEPRIN -- read once and referred to the Committee
on Insurance
AN ACT to amend the insurance law, in relation to extending certain
provisions relating to medical malpractice insurers
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Section 1325 of the insurance law, as amended by chapter
637 of the laws of 2022, is amended to read as follows:
§ 1325. Exemption. For the purposes of exempting certain insurance
companies from the provisions of section one thousand three hundred
twenty-four of this article, the superintendent shall exempt, through
December thirty-first, two thousand [twenty-five] TWENTY-EIGHT, those
stock and non-stock insurance companies to which subparagraph (B) of
paragraph two of subsection (b) of such section applies.
§ 2. Subsection (c) of section 2343 of the insurance law, as amended
by chapter 637 of the laws of 2022, is amended to read as follows:
(c) Notwithstanding any other provision of this chapter, no applica-
tion for an order of rehabilitation or liquidation of a domestic insurer
whose primary liability arises from the business of medical malpractice
insurance, as that term is defined in subsection (b) of section five
thousand five hundred one of this chapter, shall be made on the grounds
specified in subsection (a) or (c) of section seven thousand four
hundred two of this chapter at any time prior to December thirty-first,
two thousand [twenty-five] TWENTY-EIGHT.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD10612-01-5Every fact on this page links to its source, starting with the official bill record.