A 11367: Extends provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association.

  
  STATE OF NEW YORK ________________________________________________________________________ 11367  IN ASSEMBLY May 14, 2026 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Hunter) -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to extending provisions of the property/casualty insurance availability act and the authority of the New York property insurance underwriting association The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 2342 of the insurance law, as amended by chapter 2 182 of the laws of 2023, is amended to read as follows: 3 § 2342. Expiration of certain provisions. The provisions of subsection 4 (c) of section two thousand three hundred seven, section two thousand 5 three hundred eight, subsection (a) of section two thousand three 6 hundred ten, sections two thousand three hundred sixteen, two thousand 7 three hundred twenty, two thousand three hundred twenty-three, two thou- 8 sand three hundred twenty-six, and two thousand three hundred thirty- 9 five, and subsection (b) of section two thousand three hundred thirty- 10 six of this article shall cease to be of any force or effect during the 11 period August third, two thousand one through the day before the effec- 12 tive date of the property/casualty insurance availability act, and after 13 June thirtieth, two thousand [twenty-six] twenty-nine. 14 § 2. Subsection (f) of section 2305 of the insurance law, as amended 15 by chapter 182 of the laws of 2023, is amended to read as follows: 16 (f) Subsection (a) of this section shall be of no force or effect 17 during the period August third, two thousand one through the day before 18 the effective date of the property/casualty insurance availability act, 19 and after June thirtieth, two thousand [twenty-six] twenty-nine. During 20 the period August third, two thousand one through the day before the 21 effective date of the property/casualty insurance availability act, and 22 again commencing on July first, two thousand [twenty-six] twenty-nine, 23 all rates previously subject to subsection (a) of this section, other 24 than rates that are not required to be filed pursuant to subsection (b) 25 of section two thousand three hundred ten of this article or that have 26 been suspended from the filing requirement pursuant to section two thou- 27 sand three hundred eleven of this article, shall become subject to EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15868-01-6 
 A. 11367 2 1 subsections (b), (c) and (d) of this section. All other provisions of 2 this article applicable to kinds of insurance or insurance activities 3 the rates for which are subject to prior approval under subsection (b) 4 of this section shall apply to kinds of insurance the rates for which 5 were previously subject to subsection (a) of this section or the rates 6 for which are not required to be filed pursuant to subsection (b) of 7 section two thousand three hundred ten of this article or the rates for 8 which have been suspended from the filing requirement pursuant to 9 section two thousand three hundred eleven of this article. 10 § 3. Subsection (h) of section 2344 of the insurance law, as amended 11 by chapter 182 of the laws of 2023, is amended to read as follows: 12 (h) This section shall cease to be of any force or effect during the 13 period August third, two thousand one through the day before the effec- 14 tive date of the property/casualty insurance availability act, and after 15 June thirtieth, two thousand [twenty-six] twenty-nine, except that rates 16 shall reflect the likely reductive cost effects reasonably attributable 17 to the statutory provisions specified in paragraph one of subsection (g) 18 of this section. 19 § 4. Paragraphs 1 and 2 and the opening paragraph of paragraph 3 of 20 subsection (m) of section 3425 of the insurance law, as amended by chap- 21 ter 182 of the laws of 2023, are amended to read as follows: 22 (1) Paragraphs eight and nine of subsection (a), subsection (f) and 23 subparagraphs (B) and (E) of paragraph one of subsection (j) of this 24 section shall not apply to any new covered policy of automobile insur- 25 ance voluntarily written on or after August first, nineteen hundred 26 eighty-five and prior to January first, nineteen hundred eighty-six, and 27 on or after August second, two thousand one and prior to the effective 28 date of the property/casualty insurance availability act, and on or 29 after June thirtieth, two thousand [twenty-six] twenty-nine, but the 30 legal rights granted to insurers or policyholders under such provisions 31 shall not be extinguished or impaired thereby. 32 (2) In lieu of such provisions, paragraph seven of subsection (a), 33 subparagraph (A) of paragraph one of subsection (j) of this section and 34 paragraph three of this subsection shall apply to such automobile insur- 35 ance policies that are newly and voluntarily written to have an effec- 36 tive date on or after August first, nineteen hundred eighty-five and 37 prior to January first, nineteen hundred eighty-six, and on or after 38 August second, two thousand one and prior to the effective date of the 39 property/casualty insurance availability act, and on or after June thir- 40 tieth, two thousand [twenty-six] twenty-nine. 41 On and after August first, nineteen hundred eighty-five and prior to 42 January first, nineteen hundred eighty-six, and on or after August 43 second, two thousand one and prior to the effective date of the 44 property/casualty insurance availability act, and on or after June thir- 45 tieth, two thousand [twenty-six] twenty-nine, no notice of nonrenewal or 46 conditional renewal of such covered automobile insurance policies 47 referred to in this subsection shall be issued to become effective 48 during the required policy period unless it is based upon a ground for 49 which the policy could have been cancelled or unless it is based upon 50 one or more of the following grounds that occurred during the thirty-six 51 month period ending on the last day of the fourth month preceding the 52 month of the effective date of such notice of nonrenewal or conditional 53 renewal: 54 § 5. Subsection (g) of section 5412 of the insurance law, as amended 55 by chapter 182 of the laws of 2023, is amended to read as follows: 
 A. 11367 3 1 (g) The provisions of this section shall cease to be of any force or 2 effect on or after June thirtieth, two thousand [twenty-six] 3 twenty-nine, except that policies issued or other obligations incurred 4 by the association shall not be impaired by the expiration of this 5 section and the association shall continue for the purpose of servicing 6 such policies and performing such obligations. 7 § 6. This act shall take effect immediately; provided that the amend- 8 ments to sections 2344 and 5412 of the insurance law made by sections 9 three and five of this act shall not affect the expiration of such 10 sections and shall expire and be deemed repealed therewith.