Indexes fixed amounts and clarifies compliance for life insurance and annuity businesses; repealer
Summary
Indexes fixed dollar amounts in the statute to inflation, authorizes changes to compensation plans, removes obsolete language, and removes unnecessary filing requirements for certain life insurance and annuity businesses.
Bill status
passed
3 of 5 stages cleared
Introduction
Apr 2026
Committee Review
Jun 2026
Senate Passage
Jun 2026
Assembly Passage
Governor
Introduced Apr 22, 2026
Last action Jun 3, 2026
Floor votes · Senate Jun 3, 2026
How they voted
61–0
Passed · 2 other
Total votes 63
Jun 3, 2026
D
Democratic41
95% Yea
R
Republican22
100% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
7
Key actions
1
Committee
2
Jun 3, 2026
Committee
REFERRED TO INSURANCE
lower
Jun 3, 2026
Upper · Passed
PASSED SENATE
upper
Apr 22, 2026
Committee
REFERRED TO INSURANCE
upper
1 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Jamaal Bailey
DDemocratic/Working Families
Co
Jessica Scarcella-Spanton
DDemocratic
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