Assembly BillIntroduced
A 4259: Authorizes the superintendent of financial services to hire an actuary to assist with reviewing any rate or form filing submitted to the superintendent.
What A 4259 does, verified May 15, 2026
The proposed law aims to amend the existing insurance regulations in New York. The key points of the bill are as follows: The state will engage the services of actuaries to assist the superintendent in reviewing rate and form filings. The person submitting the filing will be responsible for paying the cost of the actuary's services directly to the engaged actuary. The law will take effect immediately and will expire on January 1, 2029.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: referred to insurance (2026-01-07)Alert me
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions4 total · showing 4
| Jan. 07, 2026 | referred to insurance |
| Jun. 03, 2025 | print number 4259a |
| Jun. 03, 2025 | amend (t) and recommit to insurance |
| Jan. 31, 2025 | referred to insurance |
Latest bill textIntroduced version, January 31, 2025 · 196 words
STATE OF NEW YORK ________________________________________________________________________ 4259 2025-2026 Regular Sessions IN ASSEMBLY January 31, 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 the hiring of consult- ants The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The insurance law is amended by adding a new section 303 to 2 read as follows: 3 § 303. Hiring of consultants. The superintendent may engage the 4 services of a consultant that or whom the superintendent deems necessary 5 to assist the superintendent, including assisting with reviewing any 6 rate or form filing submitted to the superintendent. The person who 7 submitted the filing to the superintendent or the person for whom the 8 services were performed, other than the superintendent, shall pay the 9 cost of such services directly to the consultant engaged. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD07823-01-5
Text of A 4259 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions