Assembly BillChaptered/Signed
A 3028: Allows domestic insurers to make certain records available by electronic means if they are easily accessible from the insurer's principal office in this state and the insurer complies with all applicable state and federal laws and regulations.
What A 3028 does, verified October 17, 2025
The bill aims to amend the insurance law to allow domestic insurers to make certain records available by electronic means. Domestic insurers and licensed United States branches of alien insurers must keep and maintain records at their principal office in the state, including charter and by-laws, books of account, shareholder records, and meeting minutes. These records can be stored on servers accessible through the internet, an internal server, or a third-party service provider, as long as they are easily accessible from the insurer's principal office and comply with state and federal laws and regulations. The records must be available in English, with accurate translations provided if they are kept in a different language. The amendments take effect immediately.
Bill journey
✓IntroducedComplete
✓In CommitteeComplete
✓First Chamber FloorComplete
✓Second ChamberComplete
✓GovernorComplete
6ChapteredCurrent
Last action: signed chap.446 (2025-10-16)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions12 total · showing 5
| Oct. 16, 2025 | signed chap.446 |
| Oct. 09, 2025 | delivered to governor |
| May. 22, 2025 | RETURNED TO ASSEMBLY |
| May. 22, 2025 | PASSED SENATE |
| May. 22, 2025 | 3RD READING CAL.922 |
Latest bill textIntroduced version, January 23, 2025 · 358 words
STATE OF NEW YORK ________________________________________________________________________ 3028 2025-2026 Regular Sessions IN ASSEMBLY January 23, 2025 ___________ Introduced by M. of A. DILAN -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to allowing domestic insurers to make certain records available by electronic means The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (a) of section 325 of the insurance law, as 2 amended by chapter 196 of the laws of 1987, is amended to read as 3 follows: 4 (a) Every domestic insurer and every licensed United States branch of 5 an alien insurer entered through this state shall, except as hereinafter 6 provided, keep and maintain at its principal office in this state its 7 charter and by-laws (in the case of a United States branch a copy there- 8 of) and its books of account, and if a domestic stock corporation a 9 record containing the names and addresses of its shareholders, the 10 number and class of shares held by each and the dates when they respec- 11 tively became the owners of record thereof, and if a domestic corpo- 12 ration the minutes of any meetings of its shareholders, policyholders, 13 board of directors and committees thereof. If any such records are kept 14 in a language other than English, they shall be accompanied by accurate 15 translations thereof. An insurer may satisfy the requirements of this 16 subsection by storing the aforementioned books and records on servers 17 that are accessible through the internet, on an internal server hosted 18 by the insurer or one of its affiliates, or externally with a third-par- 19 ty service provider if they are easily accessible from the insurer's 20 principal office in this state and the insurer complies with all appli- 21 cable state and federal laws and regulations. 22 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD03895-01-5
Text of A 3028 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions