Bill > S04674

This bill amends the New York insurance law to allow domestic insurers and licensed United States branches of alien insurers to maintain their required records electronically, rather than solely in physical form at their principal office in the state. Specifically, insurers can now store books, records, charters, by-laws, shareholder information, and meeting minutes on internet-accessible servers, internal servers hosted by the insurer or its affiliates, or external servers managed by third-party service providers. The key requirements are that these electronic records must be easily accessible from the insurer's principal office in New York and that the insurer must comply with all applicable state and federal laws and regulations. The bill aims to modernize record-keeping practices for insurers by providing more flexibility in how they store and access important documentation, while still maintaining the requirement that these records be readily available for inspection or review.

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https://www.nysenate.gov/legislation/bills/2025/S4674