Assembly Bill A6595

2025-2026 Legislative Session

Extends certain provisions relating to medical malpractice insurers

download bill text pdf

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Current Bill Status - On Floor Calendar

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2025-A6595 (ACTIVE) - Details

See Senate Version of this Bill:
S7221
Law Section:
Insurance Law
Laws Affected:
Amd §§1325 & 2343, Ins L

2025-A6595 (ACTIVE) - Summary

Extends certain provisions relating to medical malpractice insurers until December 31, 2028.

2025-A6595 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6595
 
                        2025-2026 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 6, 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 extending certain
   provisions relating to medical malpractice insurers
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Section  1325 of the insurance law, as amended by chapter
 637 of the laws of 2022, is amended to read as follows:
   § 1325. Exemption. For the purposes  of  exempting  certain  insurance
 companies  from  the  provisions  of  section one thousand three hundred
 twenty-four of this article, the superintendent  shall  exempt,  through
 December  thirty-first,  two  thousand [twenty-five] TWENTY-EIGHT, those
 stock and non-stock insurance companies to  which  subparagraph  (B)  of
 paragraph two of subsection (b) of such section applies.
   §  2.  Subsection (c) of section 2343 of the insurance law, as amended
 by chapter 637 of the laws of 2022, is amended to read as follows:
   (c) Notwithstanding any other provision of this chapter,  no  applica-
 tion for an order of rehabilitation or liquidation of a domestic insurer
 whose  primary liability arises from the business of medical malpractice
 insurance, as that term is defined in subsection  (b)  of  section  five
 thousand  five hundred one of this chapter, shall be made on the grounds
 specified in subsection (a)  or  (c)  of  section  seven  thousand  four
 hundred  two of this chapter at any time prior to December thirty-first,
 two thousand [twenty-five] TWENTY-EIGHT.
   § 3. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10612-01-5

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