Bill
Bill > A10153
NY A10153
NY A10153Makes provisions relating to the New York compensation insurance rating board's authorization to make filings with the department of financial services permanent.
summary
Introduced
02/12/2026
02/12/2026
In Committee
02/12/2026
02/12/2026
Crossed Over
Passed
Dead
Introduced Session
2025-2026 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to making provisions relating to the New York compensation insurance rating board's authorization to make filings with the department of financial services permanent; and to amend chapter 11 of the laws of 2008 amending the workers' compensation law, the insurance law, the volunteer ambulance workers' benefit law and the volunteer firefighters' benefit law relating to rates for workers' compensation insurance and setting forth conditions for workers' compensation rate service organization, in relation to the effectiveness thereof
AI Summary
This bill makes permanent the New York Compensation Insurance Rating Board's (NYCIRB) authority to submit filings, which are official documents containing information like proposed rates or statistical data, to the Department of Financial Services (DFS). Specifically, it removes a previous expiration date of June 2, 2028, for the requirement that a rate service organization, like the NYCIRB, must file loss cost information annually with the DFS. This change ensures that the NYCIRB's ability to make these important filings for workers' compensation insurance will continue indefinitely, providing ongoing oversight and regulation of these rates.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
referred to insurance (on 02/12/2026)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2025/A10153 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A10153&term=2025&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A10153 |
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