New York S 10582: Extends provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association

Bill Text

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 Speaker Carl E. Heastie

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S10582 Summary:

BILL NOS10582 

&nbsp

SAME ASSAME AS A11367

&nbsp

SPONSORBAILEY

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Amd §§2342, 2305, 2344, 3425 & 5412, Ins L

&nbsp

Extends provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association.

Go to top S10582 Actions:

BILL NOS10582 

&nbsp

05/27/2026REFERRED TO INSURANCE

06/02/2026COMMITTEE DISCHARGED AND COMMITTED TO RULES

06/02/2026ORDERED TO THIRD READING CAL.1595

06/02/2026SUBSTITUTED BY A11367

&nbspA11367 AMEND= Rules (Hunter)

&nbsp05/14/2026referred to insurance

&nbsp05/20/2026reported referred to rules

&nbsp05/21/2026reported 

&nbsp05/21/2026rules report cal.199

&nbsp05/21/2026ordered to third reading rules cal.199

&nbsp05/28/2026passed assembly

&nbsp05/28/2026delivered to senate

&nbsp05/28/2026REFERRED TO INSURANCE

&nbsp06/02/2026SUBSTITUTED FOR S10582

&nbsp06/02/20263RD READING CAL.1595

&nbsp06/02/2026PASSED SENATE

&nbsp06/02/2026RETURNED TO ASSEMBLY

&nbsp06/18/2026delivered to governor

&nbsp06/26/2026signed chap.150

Go to topS10582 Committee&nbspVotes:

Go to topS10582 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS10582 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10582

 IN SENATE

 May 27, 2026
 ___________

 Introduced by Sen. BAILEY -- read twice and ordered printed, and when
 printed to be committed to the Committee on Insurance

 AN ACT to amend the insurance law, in relation to extending provisions
 of the property/casualty insurance availability act and the authority
 of the New York property insurance underwriting association

 The People of the State of New York, represented in Senate and Assem-
 bly, do enact as follows:

 1 Section 1. Section 2342 of the insurance law, as amended by chapter
 2 182 of the laws of 2023, is amended to read as follows:
 3 § 2342. Expiration of certain provisions. The provisions of subsection
 4 (c) of section two thousand three hundred seven, section two thousand
 5 three hundred eight, subsection (a) of section two thousand three
 6 hundred ten, sections two thousand three hundred sixteen, two thousand
 7 three hundred twenty, two thousand three hundred twenty-three, two thou-
 8 sand three hundred twenty-six, and two thousand three hundred thirty-
 9 five, and subsection (b) of section two thousand three hundred thirty-
 10 six of this article shall cease to be of any force or effect during the
 11 period August third, two thousand one through the day before the effec-
 12 tive date of the property/casualty insurance availability act, and after
 13 June thirtieth, two thousand [twenty-six] twenty-nine.
 14 § 2. Subsection (f) of section 2305 of the insurance law, as amended
 15 by chapter 182 of the laws of 2023, is amended to read as follows:
 16 (f) Subsection (a) of this section shall be of no force or effect
 17 during the period August third, two thousand one through the day before
 18 the effective date of the property/casualty insurance availability act,
 19 and after June thirtieth, two thousand [twenty-six] twenty-nine. During
 20 the period August third, two thousand one through the day before the
 21 effective date of the property/casualty insurance availability act, and
 22 again commencing on July first, two thousand [twenty-six] twenty-nine,
 23 all rates previously subject to subsection (a) of this section, other
 24 than rates that are not required to be filed pursuant to subsection (b)
 25 of section two thousand three hundred ten of this article or that have
 26 been suspended from the filing requirement pursuant to section two thou-
 27 sand three hundred eleven of this article, shall become subject to

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15868-01-6

 S. 10582 2

 1 subsections (b), (c) and (d) of this section. All other provisions of
 2 this article applicable to kinds of insurance or insurance activities
 3 the rates for which are subject to prior approval under subsection (b)
 4 of this section shall apply to kinds of insurance the rates for which
 5 were previously subject to subsection (a) of this section or the rates
 6 for which are not required to