S 3241 New York Senate · 2025 Regular Session

Relates to summaries of readable and understandable insurance policies

Summary

Relates to summaries of readable and understandable insurance policies which shall include the limits of insurance, the term of the policy, the amount of premium and the amount of deductibles and a statement.

Bill status in committee 1 of 4 stages cleared

Introduction

Jan 2025

Committee Review

Floor Vote

Governor

Introduced Jan 24, 2025 Last action Jan 7, 2026

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What changed between versions

S3241 → S3241A · 3 edits

MINOR

This bill amendment adds a procedural step requiring the insurance superintendent to appoint an advisory committee and solicit public comments before issuing regulations about insurance policy summaries. The committee must include representatives from insurers, producers, consumers, and academic experts, and must submit recommendations within 210 days of enactment.

Scope change

The bill's scope remains focused on insurance policy summaries, but the regulatory process now includes mandatory public consultation and stakeholder representation before rules are finalized.

REQUIREMENT

Added requirement for superintendent to appoint an advisory committee with balanced representation from insurers, producers, consumers, and academics before issuing summary regulations.

TIMELINE

Changed the deadline for issuing regulations from 'within 180 days from enactment' to 'within 180 days of the advisory committee making recommendations'.

TECHNICAL

Minor formatting changes including bill number update (3241 to 3241-A), committee status update (discharged and re-committed), and line number adjustments.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Jan 7, 2026

Committee

REFERRED TO INSURANCE

upper

May 29, 2025

Upper · Passed

PRINT NUMBER 3241A

upper

May 29, 2025

Upper · Passed

AMEND AND RECOMMIT TO INSURANCE

upper

Jan 24, 2025

Committee

REFERRED TO INSURANCE

upper

1 primary · 1 co-sponsor