New York A 10529: Relates to the convening of meetings by county election committees during the COVID-19 pandemic

Bill Text

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A10529 Summary:

BILL NOA10529 

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SAME ASNo Same As

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SPONSORTorres

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COSPNSRTapia

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MLTSPNSR

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Add §4123, Ins L

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Requires property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services.

Go to top A10529 Actions:

BILL NOA10529 

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03/06/2026referred to insurance

Go to topA10529 Committee&nbspVotes:

Go to topA10529 Floor&nbspVotes:

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

Go to topA10529 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 10529

 IN ASSEMBLY

 March 6, 2026
 ___________

 Introduced by M. of A. TORRES -- read once and referred to the Committee
 on Insurance

 AN ACT to amend the insurance law, in relation to requiring
 property/casualty insurance companies to submit information on multi-
 family housing premiums and claims paid to the department of financial
 services

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

 1 Section 1. The insurance law is amended by adding a new section 4123
 2 to read as follows:
 3 § 4123. Reporting requirements for property/casualty insurance compa-
 4 nies regarding multifamily residential buildings. (a) For the purposes
 5 of this section, the term "multifamily residential building" shall mean
 6 a property containing two or more dwelling units.
 7 (b) Every property/casualty insurance company doing business in this
 8 state shall annually submit to the department a report relating to
 9 multifamily residential buildings including, but not limited to, infor-
 10 mation regarding:
 11 (1) collected premiums;
 12 (2) claims paid; and
 13 (3) any other information required by the department in consultation
 14 with the division of housing and community renewal.
 15 (c) Such report shall be submitted in the form and manner prescribed
 16 by the superintendent on or before March first of each year for the
 17 prior calendar year.
 18 (d) The department shall create and maintain a public-facing database
 19 which allows access to the reports submitted under this section;
 20 provided, however, any portion of a report submitted under this section
 21 that shall constitute trade secrets or sensitive commercial information
 22 shall:
 23 (1) not be published on such database and shall instead be aggregated
 24 and de-identified by the department and published as such on such data-
 25 base;

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD15143-01-6

 A. 10529 2

 1 (2) be confidential under paragraph (d) of subdivision two of section
 2 eighty-seven of the public officers law; and
 3 (3) not be subject to disclosure under article six of the public offi-
 4 cers law.
 5 § 2. This act shall take effect on the one hundred eightieth day after
 6 it shall have become a law. Effective immediately, the addition, amend-
 7 ment and/or repeal of any rule or regulation necessary for the implemen-
 8 tation of this act on its effective date are authorized to be made and
 9 completed on or before such effective date.

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