S. 8516(Rules)/A. 11566(Morelle)
Medical Malpractice, RBC
Summary: The bill amends Section 1324 of the Insurance Law to provide the Superintendent with the authority to exempt both stock and non-stock domestic P&C companies from risk based capital requirements. Previously, the Superintendent's authority extended only to non-stock companies.
Effective Date: Immediately, deemed repealed December 31, 2011.
Last Action: Approved and signed by the Governor on July 21, 2008 (Chapter 385 of the Laws of 2008).