Expands authorization for certain exemptions from filing requirements for domestic property/casualty insurance companies.
This bill amends the insurance law to expand the authorization for certain exemptions from filing requirements for domestic property/casualty insurance companies. Specifically, it allows exemptions for companies that maintain a surplus to policyholders of at least twice the minimum required surplus and have at least 90% of their total direct premiums from medical malpractice insurance. The changes take effect immediately.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
Analyze for Free
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.