S 4674 New York Senate · 2025 Regular Session

Allows domestic insurers to make certain records available by electronic means

Summary

Allows domestic insurers to make certain records available by electronic means if they are easily accessible from the insurer's principal office in this state and the insurer complies with all applicable state and federal laws and regulations.

Bill status in committee 1 of 4 stages cleared

Introduction

Feb 2025

Committee Review

Floor Vote

Governor

Introduced Feb 11, 2025 Last action May 22, 2025

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What changed between versions

S4674 → S4674A · 3 edits

MINOR

This bill amendment removes the requirement for insurers to maintain certain records at their principal office and instead allows them to store these records on accessible servers, whether internal, affiliate-hosted, or third-party, as long as they comply with applicable laws. This change modernizes record-keeping requirements to accommodate digital storage solutions while maintaining accessibility for regulators.

Scope change

The bill's scope expanded to permit electronic storage of required records on various server types, moving from a strict principal office requirement to a more flexible accessibility standard.

REQUIREMENT

Removed the mandatory requirement that records be kept at the principal office, allowing storage on internet-accessible servers, internal servers, or third-party providers instead.

Added new provisions permitting insurers to satisfy record-keeping requirements through internet-accessible servers hosted internally, by affiliates, or by third-party service providers.

Added condition that electronic storage must ensure records are easily accessible from the insurer's principal office and comply with all applicable state and federal laws and regulations.

Floor votes

How they voted

No floor votes recorded yet.

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Amendments

Mar 19, 2025

Upper · Passed

PRINT NUMBER 4674A

upper

Mar 19, 2025

Upper · Passed

AMEND AND RECOMMIT TO INSURANCE

upper

Feb 11, 2025

Committee

REFERRED TO INSURANCE

upper

1 primary · 0 co-sponsors