Senate BillIntroduced
S 5321: Authorizes the superintendent of financial services to hire a consultant to assist with reviewing any rate or form filing submitted to the superintendent.
What S 5321 does, verified January 9, 2026
The state of New York proposes to amend the insurance law to allow the superintendent to engage the services of a consultant to assist with reviewing rate or form filings. The consultant's services must be deemed necessary by the superintendent. The person submitting the filing or the person for whom the services were performed must pay the consultant's cost directly. This change takes effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO INSURANCE (2026-01-07)Alert me
Quick answers about S 5321
- What is the current status of S 5321?
- As of January 9, 2026, S 5321 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO INSURANCE".
- Did S 5321 pass?
- Not yet. S 5321 has been introduced and has not passed either house.
- Who wrote S 5321, and where is it now?
- S 5321 was authored by Sen. Jamaal Bailey with 2 coauthors. Its committee of record is Senate Insurance.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO INSURANCE |
| Feb. 20, 2025 | REFERRED TO INSURANCE |
Latest bill textIntroduced version, February 20, 2025 · 201 words
STATE OF NEW YORK ________________________________________________________________________ 5321 2025-2026 Regular Sessions IN SENATE February 20, 2025 ___________ Introduced by Sen. BAILEY -- 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 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 S 5321 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions