New York S04674 allows domestic insurers to make certain records available electronically if easily accessible and compliant with laws.
New York S04674 amends the insurance law to allow domestic insurers to make certain records available by electronic means. These records must be easily accessible from the insurer's principal office in the state and comply with all applicable state and federal laws and regulations. If records are kept in a language other than English, accurate translations must be provided. Insurers can store these records on internet-accessible servers, internal servers, or with third-party service providers. The act takes effect immediately.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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