# New York S 4960: Relates to extending the exemption from filing requirements only with respect to rates and policy forms to out of state businesses

New York S 4960, Relates to extending the exemption from filing requirements only with respect to rates and policy forms to out of state businesses, is a 2025-2026 Regular Session Senate bill sponsored by Jamaal Bailey (Republican); status signed, last action 2025-11-21 (SIGNED CHAP.550) (as of 2026-10-19).

- Canonical: https://policyrisk.com/state-bill/NY-S4960-2025
- As of: 2026-10-19
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: New York S 4960
- State: New York
- Session: 2025-2026 Regular Session
- Title: Relates to extending the exemption from filing requirements only with respect to rates and policy forms to out of state businesses
- Status: signed
- Chamber: Senate
- Introduced: 2025-02-14
- Last action: 2025-11-21, SIGNED CHAP.550
- Sponsor: Jamaal Bailey (Republican)
- Cosponsors: 0
- Subjects: INSURANCE
- Touches household money: no
- Roll calls: 3 (216 yes, 1 no in all)
- Economic provisions PRIA read: 1

## Summary

No summary available.

## Bill overview: provisions PRIA read

- Insurance filing exemptions extend to out-of-state business: benefit, low. 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…

## Sponsors and cosponsors

- Sponsor: Jamaal Bailey (Republican), Senate

## Roll call votes

| Date | Chamber | Motion | Result | Yes | No | Other |
| --- | --- | --- | --- | --- | --- | --- |
| 2025-06-16 | House | Assembly floor vote | pass | 145 | 0 |   |
| 2025-05-06 | Senate | FLOOR Vote | pass | 60 | 1 |   |
| 2025-03-03 | committee | Insurance Committee Vote | pass | 11 | 0 |   |

## Actions (13)

- 2025-11-21: SIGNED CHAP.550 (Senate)
- 2025-11-17: DELIVERED TO GOVERNOR (Senate)
- 2025-06-16: RETURNED TO SENATE (House)
- 2025-06-16: PASSED ASSEMBLY (House)
- 2025-06-16: ORDERED TO THIRD READING RULES CAL.781 (House)
- 2025-06-16: SUBSTITUTED FOR A3888 (House)
- 2025-05-06: REFERRED TO INSURANCE (House)
- 2025-05-06: DELIVERED TO ASSEMBLY (Senate)
- 2025-05-06: PASSED SENATE (Senate)
- 2025-03-05: ADVANCED TO THIRD READING (Senate)
- 2025-03-04: 2ND REPORT CAL. (Senate)
- 2025-03-03: 1ST REPORT CAL.420 (Senate)
- 2025-02-14: REFERRED TO INSURANCE (Senate)

## Bill text

- Original, 2025-02-14: [PDF](https://legislation.nysenate.gov/pdf/bills/2025/S4960)

## Related bills

- S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer (signed)
- S 9051: Prohibits artificial intelligence companions from using features which are considered unsafe for minors (signed)
- A 5175: Requires certain security features and warning labels on baby monitors (signed)
- A 11443: Relates to commercial food fish licenses (signed)
- A 10343: Relates to fees and expenses in unemployment insurance proceedings; extending effectiveness (signed)
- A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose real estate transfer taxes and to deposit revenue from such taxes into a community… (signed)

## Sources
- [Original (PDF)](https://legislation.nysenate.gov/pdf/bills/2025/S4960)

## Related
- [S 10643: Relates to labor peace agreements and the cannabis industry wage board; repealer](https://policyrisk.com/state-bill/NY-S10643-2025)
- [S 9051: Prohibits artificial intelligence companions from using features which are cons…](https://policyrisk.com/state-bill/NY-S9051-2025)
- [A 5175: Requires certain security features and warning labels on baby monitors](https://policyrisk.com/state-bill/NY-A5175-2025)
- [A 11443: Relates to commercial food fish licenses](https://policyrisk.com/state-bill/NY-A11443-2025)
- [A 10343: Relates to fees and expenses in unemployment insurance proceedings; extending e…](https://policyrisk.com/state-bill/NY-A10343-2025)
- [A 10052: Extends the effectiveness of the authority of the town of Red Hook to impose re…](https://policyrisk.com/state-bill/NY-A10052-2025)
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Source: PRIA, https://policyrisk.com/state-bill/NY-S4960-2025 (as of 2026-10-19).