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Assembly Bill A11724

2025-2026 Legislative Session

Requires property/casualty insurance carriers to provide access to underwriting models or granular claim data to the department of financial services

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Current Bill Status - In Assembly Committee

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2025-A11724 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §338, Ins L

2025-A11724 (ACTIVE) - Summary

Requires property/casualty insurance carriers to provide access to underwriting models or granular claim data to the department of financial services to evaluate underwriting practices and risk assessment methodologies.

2025-A11724 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   11724
 
                           I N  A S S E M B L Y
 
                            September 16, 2026
                                ___________
 
 Introduced  by  COMMITTEE ON RULES -- (at request of M. of A. Rosenthal)
   -- read once and referred to the Committee on Insurance
 
 AN  ACT  to  amend  the  insurance  law,  in   relation   to   requiring
   property/casualty insurance carriers to provide access to underwriting
   models or granular claim data to the department of financial services

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. The insurance law is amended by adding a new section 338 to
 read as follows:
   § 338. ACCESS TO UNDERWRITING MODELS AND CLAIM DATA. (A)  DEFINITIONS.
 FOR PURPOSES OF THIS SECTION:
   (1)  "UNDERWRITING  MODEL" MEANS ANY ALGORITHM, FORMULA, OR STRUCTURED
 METHODOLOGY USED BY A PROPERTY/CASUALTY CARRIER TO ASSESS  RISK,  DETER-
 MINE PREMIUMS, OR EVALUATE ELIGIBILITY FOR COVERAGE.
   (2)  "GRANULAR  CLAIM  DATA"  MEANS DETAILED, RECORD-LEVEL INFORMATION
 REGARDING CLAIMS, INCLUDING BUT NOT LIMITED TO CLAIM TYPE, AMOUNT, DATE,
 GEOGRAPHIC LOCATION, AND RESOLUTION STATUS.
   (3) "MUTUALLY AGREED DEPARTMENT STAFF" MEANS EMPLOYEES  OR  AGENTS  OF
 THE DEPARTMENT DESIGNATED BY THE SUPERINTENDENT AND AGREED UPON WITH THE
 PROPERTY/CASUALTY INSURANCE CARRIER FOR PURPOSES OF REVIEW.
   (B)  ACCESS  TO UNDERWRITING MODELS. EVERY PROPERTY/CASUALTY INSURANCE
 CARRIER AUTHORIZED TO DO BUSINESS IN THIS STATE SHALL PROVIDE ACCESS  TO
 ITS  UNDERWRITING  MODELS  TO  MUTUALLY  AGREED  DEPARTMENT  STAFF, UPON
 REQUEST OF THE SUPERINTENDENT.
   (C) ACCESS TO GRANULAR CLAIM DATA.  IN  THE  EVENT  THAT  UNDERWRITING
 MODELS  ARE  NOT  AVAILABLE, A PROPERTY/CASUALTY INSURANCE CARRIER SHALL
 PROVIDE ACCESS TO GRANULAR CLAIM  DATA  TO  MUTUALLY  AGREED  DEPARTMENT
 STAFF, SUFFICIENT TO ALLOW THE DEPARTMENT TO EVALUATE UNDERWRITING PRAC-
 TICES AND RISK ASSESSMENT METHODOLOGIES.
   (D)  CONFIDENTIALITY. INFORMATION PROVIDED UNDER THIS SECTION SHALL BE
 SUBJECT TO CONFIDENTIALITY PROTECTIONS CONSISTENT WITH APPLICABLE  STATE
 AND FEDERAL LAW. DEPARTMENT STAFF SHALL MAINTAIN SUCH INFORMATION SOLELY
 FOR REGULATORY PURPOSES.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD16321-01-6

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