S T A T E O F N E W Y O R K
________________________________________________________________________
10153
I N A S S E M B L Y
February 12, 2026
___________
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 making provisions
relating to the New York compensation insurance rating board's author-
ization to make filings with the department of financial services
permanent; and to amend chapter 11 of the laws of 2008 amending the
workers' compensation law, the insurance law, the volunteer ambulance
workers' benefit law and the volunteer firefighters' benefit law
relating to rates for workers' compensation insurance and setting
forth conditions for workers' compensation rate service organization,
in relation to the effectiveness thereof
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. Subsection (s) of section 2313 of the insurance law, as
amended by chapter 237 of the laws of 2012, is amended to read as
follows:
(s) Notwithstanding any other provision of this article, no rate
service organization may file rates for workers' compensation insurance
after February first, two thousand eight, but a rate service organiza-
tion may file loss costs or other statistical information, including
rating plans[, until June second, two thousand eighteen]. Notwithstand-
ing subsection (j) of this section, any such rate service organization
shall nonetheless be required to be licensed pursuant to this section.
§ 2. Subsection (e) of section 2305 of the insurance law, as amended
by section 2 of subpart F of part NNN of chapter 59 of the laws of 2017,
is amended to read as follows:
(e) The superintendent: (1) by regulation may, in lieu of the waiting
period set forth in subsection (b) of this section, require workers'
compensation insurance rate filings to be specifically approved before
they become effective; and (2) shall hold a public hearing if a rate
service organization makes a loss cost filing for workers' compensation
that is an increase of five percent or more over the approved loss costs
from the prior year. [Until June second, two thousand twenty-eight, a] A
rate service organization for workers' compensation shall make a loss
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.