Extends certain provisions relating to medical malpractice insurers

Malpractice insurers keep protections through 2028

Effective immediately, New York extends two protections for covered medical malpractice insurers. The insurance regulator must exempt stock and non-stock companies covered by Insurance Law §1324(b)(2)(B) from §1324 requirements. That exemption runs through December 31, 2028, rather than December 31, 2025. Before December 31, 2028, applications for court-led recovery or shutdown—rehabilitation or liquidation—cannot use grounds in §7402(a) or (c). This restriction covers New York domestic insurers whose main liability comes from medical malpractice insurance.