Do you support this bill?

Senate Bill S3814A

2025-2026 Legislative Session

Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Insurance Committee

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.

Actions

Bill Amendments

co-Sponsors

2025-S3814 - Details

See Assembly Version of this Bill:
A5743
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §9112, amd §§1109 & 9106, Ins L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8470, A9519
2023-2024: S3122, S9574, A3885

2025-S3814 - Summary

Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations to be deposited in the New York state agency trust fund, distressed provider assistance account.

2025-S3814 - Sponsor Memo

2025-S3814 - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3814
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2025
                                ___________
 
 Introduced  by  Sen.  RIVERA -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 AN ACT to amend the insurance law, in relation  to  imposing  a  tax  on
   out-of-state  transfers,  dividends,  payments,  and  loans by certain
   accident and health insurance companies and health maintenance  organ-
   izations

   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  9112
 to read as follows:
   § 9112.  TAX ON OUT-OF-STATE TRANSFERS, DIVIDENDS, PAYMENTS, AND LOANS
 BY  ACCIDENT  AND  HEALTH  INSURANCE  COMPANIES  LICENSED  UNDER ARTICLE
 FORTY-TWO OF THIS CHAPTER AND HEALTH MAINTENANCE ORGANIZATIONS.  (A)  AS
 USED  IN THIS SECTION THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING MEAN-
 INGS:
   (1) "DOMESTIC INSURER" MEANS AN INSURER THAT IS AN ACCIDENT AND HEALTH
 INSURANCE COMPANY LICENSED UNDER ARTICLE FORTY-TWO OF THIS CHAPTER OR AN
 ORGANIZATION COMPLYING WITH THE PROVISIONS OF ARTICLE FORTY-FOUR OF  THE
 PUBLIC HEALTH LAW.
   (2)  "COMMERCIAL  PROGRAM" MEANS ANY PROGRAM OF HEALTH INSURANCE OTHER
 THAN (I) PROGRAMS FOR INDIVIDUALS COVERED BY ARTICLE FIVE OF THE  SOCIAL
 SERVICES  LAW,  ARTICLE  TWENTY-FIVE  OF  THE  PUBLIC HEALTH LAW, TITLES
 XVIII, XIX, AND XXI OF THE FEDERAL SOCIAL SECURITY ACT, OR CHAPTER 89 OF
 TITLE 5 OF THE UNITED STATES CODE OR (II) PROGRAMS OF  INSURANCE  AVAIL-
 ABLE  ON  THE HEALTH BENEFIT EXCHANGE ESTABLISHED BY SECTION TWO HUNDRED
 SIXTY-EIGHT OF THE PUBLIC HEALTH LAW.
   (B) EFFECTIVE ON AND AFTER  APRIL  FIRST,  TWO  THOUSAND  TWENTY-FIVE,
 THERE  SHALL BE PAID BY EVERY DOMESTIC INSURER TO THE SUPERINTENDENT, ON
 OR BEFORE THE FIRST DAY OF MARCH, A TAX EQUAL TO  NINE  AND  SIXTY-THREE
 ONE  HUNDREDTHS  PERCENT  OF  ANY DIVIDENDS, ORDINARY, EXTRAORDINARY, OR
 OTHERWISE, OR OTHER FUNDS DERIVING FROM SUBSCRIBER PREPAYMENTS OR PREMI-
 UMS RECEIVED FOR THE DOMESTIC INSURER'S  COMMERCIAL  PROGRAMS  THAT  ARE
 PAID,  TRANSFERRED, DISTRIBUTED, OR LOANED TO AN ENTITY IN SUCH DOMESTIC
 INSURER'S HOLDING COMPANY SYSTEM THAT IS DOMICILED IN ANY  OTHER  STATE;
 
              

co-Sponsors

2025-S3814A (ACTIVE) - Details

See Assembly Version of this Bill:
A5743
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §9112, amd §§1109 & 9106, Ins L
Versions Introduced in Other Legislative Sessions:
2021-2022: S8470, A9519
2023-2024: S3122, S9574, A3885

2025-S3814A (ACTIVE) - Summary

Imposes a tax on out-of-state transfers, dividends, payments, and loans by certain accident and health insurance companies and health maintenance organizations to be deposited in the New York state agency trust fund, distressed provider assistance account.

2025-S3814A (ACTIVE) - Sponsor Memo

2025-S3814A (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3814--A
 
                        2025-2026 Regular Sessions
 
                             I N  S E N A T E
 
                             January 30, 2025
                                ___________
 
 Introduced  by  Sens.  RIVERA,  FERNANDEZ, SCARCELLA-SPANTON, ZELLNER --
   read twice and ordered printed, and when printed to  be  committed  to
   the  Committee  on Insurance -- recommitted to the Committee on Insur-
   ance in accordance with Senate Rule 6, sec. 8 -- committee discharged,
   bill amended, ordered reprinted as amended  and  recommitted  to  said
   committee
 
 AN  ACT  to  amend  the  insurance law, in relation to imposing a tax on
   out-of-state transfers, dividends,  payments,  and  loans  by  certain
   accident  and health insurance companies and health maintenance organ-
   izations
 
   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 9112
 to read as follows:
   § 9112.  TAX ON OUT-OF-STATE TRANSFERS, DIVIDENDS, PAYMENTS, AND LOANS
 BY ACCIDENT  AND  HEALTH  INSURANCE  COMPANIES  LICENSED  UNDER  ARTICLE
 FORTY-TWO  OF  THIS CHAPTER AND HEALTH MAINTENANCE ORGANIZATIONS. (A) AS
 USED IN THIS SECTION THE FOLLOWING TERMS SHALL HAVE THE FOLLOWING  MEAN-
 INGS:
   (1) "DOMESTIC INSURER" MEANS AN INSURER THAT IS AN ACCIDENT AND HEALTH
 INSURANCE COMPANY LICENSED UNDER ARTICLE FORTY-TWO OF THIS CHAPTER OR AN
 ORGANIZATION  COMPLYING WITH THE PROVISIONS OF ARTICLE FORTY-FOUR OF THE
 PUBLIC HEALTH LAW.
   (2) "COMMERCIAL PROGRAM" MEANS ANY PROGRAM OF HEALTH  INSURANCE  OTHER
 THAN  (I) PROGRAMS FOR INDIVIDUALS COVERED BY ARTICLE FIVE OF THE SOCIAL
 SERVICES LAW, ARTICLE TWENTY-FIVE  OF  THE  PUBLIC  HEALTH  LAW,  TITLES
 XVIII, XIX, AND XXI OF THE FEDERAL SOCIAL SECURITY ACT, OR CHAPTER 89 OF
 TITLE  5  OF THE UNITED STATES CODE OR (II) PROGRAMS OF INSURANCE AVAIL-
 ABLE ON THE HEALTH BENEFIT EXCHANGE ESTABLISHED BY SECTION  TWO  HUNDRED
 SIXTY-EIGHT OF THE PUBLIC HEALTH LAW.

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD08003-02-6
 S. 3814--A                          2
              

Comments

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.