New York policy
S9281: Requires prior approval of certain rates; requires insurers provide written explanations for certain premium increases; and authorizes the refiling of certain rates
NY Senate · Sponsor James Skoufis
- Jurisdiction
- New York State
- Applies to
- New York State (proposed)
- Effective
- February 24, 2026
What it requires
Requires rate filings for prior approval for commercial property insurance, commercial general liability insurance, and personal residential property insurance; requires insurers provide written explanations for premium increases in certain covered policies; requires certain insurers of homeowners' insurance to refile its homeowners' insurance rates and, in certain circumstances, be required to reduce rates.
ny-statesenatelegislationbill
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