Bill > A00853

This bill amends the New York insurance law to allow residents who work for employers based in another state to obtain group property/casualty or liability insurance through a master policy issued in that state, even if the policy would not typically meet New York insurance regulations. Specifically, the bill permits such insurance certificates under three conditions: (1) the policy must be approved and issued by an insurer licensed in the employer's state, (2) the policy must be approved for sale in that state, and (3) the certificate must be issued at no cost to the New York resident. The bill requires that any such insurance certificate must clearly state that it is not regulated by New York and is not subject to the state's standard consumer protections. This provision gives employees more flexibility in obtaining insurance through their out-of-state employers while also ensuring transparency about the limited regulatory oversight of such policies.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A853