New York A 3888: Relates to extending the exemption from filing requirements only with respect to rates and policy forms to out of state businesses

Bill Text

Bill Search and Legislative Information | New York State Assembly 

• 

• 

• 

• 

• 

• 

• 

• 

 Skip to main content 

 New York State Assembly

 Speaker Carl E. Heastie

 --> 
 --> 

 --> 

• 
 Assembly Members 

• 
 Legislative Info 

• 
 Public Hearings 

• 
 Speaker's Press 

• 
 Assembly Reports 

• 
 Committees & More 

• Bill Search Home
• Laws
• Legislative Calendar
• Public Hearing Schedule
• Assembly Calendars
• Assembly Committee Agenda 

 Javascript must be enabled to properly view this page. 

 - This bill is not active in this session.

 Bill No.: 

• Summary 
• Actions 
• Committee&nbspVotes 
• Floor&nbspVotes 
• Memo 
• Text 
• LFIN 
• Chamber&nbspVideo/Transcript 
A03888 Summary:

BILL NOA03888 

&nbsp

SAME ASSAME AS S04960

&nbsp

SPONSORWeprin

&nbsp

COSPNSRJacobson, Buttenschon

&nbsp

MLTSPNSR

&nbsp

Amd §6303, Ins L

&nbsp

Relates to extending the exemption from filing requirements only with respect to rates and policy forms to businesses underwritten and transacted from an office outside this state.

Go to top A03888 Actions:

BILL NOA03888 

&nbsp

01/30/2025referred to insurance

05/20/2025reported referred to rules

06/16/2025reported 

06/16/2025rules report cal.781

06/16/2025ordered to third reading rules cal.781

06/16/2025substituted by s4960

&nbspS04960 AMEND= BAILEY

&nbsp02/14/2025REFERRED TO INSURANCE

&nbsp03/03/20251ST REPORT CAL.420

&nbsp03/04/20252ND REPORT CAL.

&nbsp03/05/2025ADVANCED TO THIRD READING 

&nbsp05/06/2025PASSED SENATE

&nbsp05/06/2025DELIVERED TO ASSEMBLY

&nbsp05/06/2025referred to insurance

&nbsp06/16/2025substituted for a3888

&nbsp06/16/2025ordered to third reading rules cal.781

&nbsp06/16/2025passed assembly

&nbsp06/16/2025returned to senate

&nbsp11/17/2025DELIVERED TO GOVERNOR

&nbsp11/21/2025SIGNED CHAP.550

Go to topA03888 Committee&nbspVotes:

Committee:INSURANCE Chair:Weprin 
DATE:05/20/2025AYE/NAY:25/0 Action: Favorable refer to committee Rules WeprinAyeBlankenbushAye

CookAyeHawleyAye

LavineAyePalmesanoAye

SteckAyeGandolfoAye

DilanAyeJensenAye

HunterAyeBlumencranzAye

JacobsonAyeBendettAye

MeeksAye

ForrestAye

AndersonAye

CruzAye

BoresAye

LunsfordAye

BergerAye

EichensteinAye

KayAye

YegerAye

WiederAye

Committee:RULES Chair:Glick 
DATE:06/16/2025AYE/NAY:29/0 Action: Favorable HeastieExcusedBarclayAye

PretlowAyeHawleyAye

CookAyeBlankenbushAye

GlickAyeRaAye

DinowitzAyeBrabenecAye

ColtonAyePalmesanoAye

MagnarelliAyeReillyAye

PaulinAyeSmithAye

Peoples-StokesAyeJensenAye

BenedettoAye

LavineAye

LupardoAye

BraunsteinAye

DavilaAye

HyndmanAye

RozicExcused

BronsonAye

HevesiAye

HunterAye

TaylorAye

CruzAye

VanelAye

Go to topA03888 Floor&nbspVotes:

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

Go to topA03888 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 3888

 2025-2026 Regular Sessions

 IN ASSEMBLY

 January 30, 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 exemption from filing
 requirements only with respect to rates and policy forms

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

 1 Section 1. Subsection (a) of section 6303 of the insurance law, as
 2 amended by chapter 490 of the laws of 2011, paragraph 3 as amended by
 3 chapter 75 of the laws of 2013 and the opening paragraph of paragraph 3
 4 as amended by chapter 158 of the laws of 2023, is amended to read as
 5 follows:
 6 (a) The exemption that may be granted pursuant to this article shall
 7 apply only if [the business is underwritten and transacted from an
 8 office within this state; and]:
 9 (1) the risk, as defined in regulations of the superintendent, produc-
 10 es a minimum annual premium in excess of one hundred thousand dollars or
 11 such higher amount as the superintendent may prescribe by regulation;
 12 (2) the coverage is for a risk or class of risks which is of an unusu-
 13 al nature, a high loss hazard, or difficult to place, pursuant to a list
 14 promulgated or amended by the superintendent; or
 15 (3) until June thirtieth, two thousand twenty-seven, the policy, other
 16 than a medical malpractice insurance policy, is issued to a large
 17 commercial insured that employs or retains a special risk manager to
 18 assist in the negotiation and purchase of a policy exempted under this
 19 article, provided, however, that:
 20 (A)(i) the special risk manager is not employed by the insurer issuing
 21 the policy or any person in the insurer's holding company system; and
 22 (ii) the special risk manager is licensed as an insurance producer in
 23 this state pursuant to article twenty-one of this chapter, unless
 24 exempted from licensing therein; and

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD07792-01-5

 A. 3888