Relates to extending the exemption from filing requirements only with respect to rates and policy forms to out of state businesses

Insurance filing exemptions extend to out-of-state business

Effective immediately, eligible insurance business no longer needs underwriting and transactions handled from a New York office. The exemption covers filing insurance rates and policy forms; other eligibility rules remain. One path requires annual premiums of at least $100,000, or a higher minimum set by the state insurance superintendent. Another covers risks on the superintendent’s list of unusual, high-loss, or hard-to-place risks. Through June 30, 2027, large commercial customers also qualify for policies other than medical malpractice when using a special risk manager. That manager must help negotiate and buy the policy and cannot work for the insurer or its holding-company group. The manager must hold a New York insurance producer license unless exempt from licensing. For this third path, previously unfiled forms still require informational filing with the superintendent within three business days after first policy delivery. Filing must also occur no later than 60 calendar days after the policy starts.