Bill Title: Enacts the small insurer protection act prohibiting the filing of an application for an order of rehabilitation or liquidation of a small insurer on certain grounds unless such order is based on: the superintendent's adoption of a report on examination finding the company insolvent; or the annual or quarterly financial statements of the company, which show that the company's admitted assets do not exceed its liabilities and surplus to policyholders if the company does not maintain reserves in an amount determined reasonable by its independent loss reserve specialist or its appointed actuary.

Spectrum: Slight Partisan Bill (Democrat 4-2)

Status: (Introduced) 2024-01-03 - REFERRED TO INSURANCE [S01495 Detail]

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Bill Drafts

Revision	Date	Format	Source	View
Introduced	2023-01-12	HTML/Text	Link	View

Amendments

Amendment	Date	Disposition	Format	Source	View
No bill amendments currently on file for New York S01495

Supplemental Documents

Title	Description	Date	Format	Source	View
No supplemental documents for New York S01495 currently on file.

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