New York 2025-2026 Regular Session

New York Senate Bill S02130

Introduced
1/15/25  
Refer
1/15/25  

Caption

Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

Companion Bills

NY A02245

Same As Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

Previously Filed As

NY A02245

Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

NY S09746

Clarifies that certain prohibitions on insurance companies relating to misrepresentations, misleading statements and incomplete comparisons shall apply to policies or contracts purchased and delivered or issued for delivery in the state of New York.

NY HSB756

A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.(See HF 2766.)

NY HB348

Insurance; expand lines of insurance or reinsurance in which a limited purpose subsidiary and captive insurance company may engage

NY SSB3179

A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.(See SF 2446, SF 2499.)

NY SB291

Contractors: workers’ compensation insurance.

NY A10904

Enacts the "small business health plan act" which provides small businesses opportunities to provide health insurance to owners and employees by exempting such insurance from certain requirements.

NY SF2499

A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.(Formerly SF 2446, SSB 3179.)

NY SF2446

A bill for an act relating to captive insurance companies and life captive reinsurance companies, and including civil penalties.(Formerly SSB 3179; See SF 2499.)

NY H4789

Captive Insurance companies

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