New York S05341 amends the insurance law to exempt certain group policies from filing and approval requirements.

New York S05341 amends the insurance law to exempt certain group policies, group contracts, and certificates from filing and approval requirements. Specifically, it exempts group policies issued to large group policyholders, defined as groups with at least 500 employees or members, from the need to file and obtain approval from the superintendent. These exemptions apply to policies issued for delivery outside the state and those deemed delivered in the state regardless of the actual delivery location.

New York S05341 amends the insurance law to exempt certain group policies from filing and approval requirements.

New York S05341 amends the insurance law to exempt certain group policies, group contracts, and certificates from filing and approval requirements. Specifically, it exempts group policies issued to large group policyholders, defined as groups with at least 500 employees or members, from the need to file and obtain approval from the superintendent. These exemptions apply to policies issued for delivery outside the state and those deemed delivered in the state regardless of the actual delivery location.