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Regulatory Activity - Insurance Law

Regulatory Activity - Insurance Law
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Notifications

Sign up to receive email notifications when proposed, revised, emergency, and adopted rules are posted to this website.

To be notified by postal mail or to receive copies of Department of Financial Services’ proposed, revised, emergency, and adopted rules, submit a request in writing, including your mailing address, to Regulation Notification Officer, Office of General Counsel, 20th Floor, New York State Department of Financial Services, New York, NY 10004. Written requests expire annually on December 31. Renewal requests for the following year may be submitted by mail on or after December 1.

Note: Unless noted otherwise, all documents available from this page are in PDF format.

Activity update: A final regulation was published on April 16, 2025.

Pre-Proposed Outreach

The following draft regulations are not currently in effect. The Department of Financial Services is considering whether to propose this regulation.

Before filing a proposed regulation for publication in the State Register for a formal comment period pursuant to the New York State Administrative Procedure Act, the Department provides a draft for review and comment by interested persons and the public, including, but not limited to, small businesses and local governments.

Unless otherwise noted, the comment period extends for 10 days from the date of posting. Comments about this proposed regulation can be addressed to the Agency Contact noted.

Updated 06/10/2025

Description and DocumentsDate PostedOutreach Comments Due ByAgency Contact
Draft Pre-Proposed Outreach for the Consolidated 5th amendment to 11 NYCRR 161 (Insurance Regulation 129) and the 1st amendment to 11 NYCRR 163 (Insurance Regulation 153)June 10, 2025June 20, 2025Joana Lucashuk

Proposed Regulations

The comment period extends for 60 days from the date of publication in the State Register.

Updated 06/04/2025

Description and DocumentsDate Filed with the Secretary of StateDate Published in the State RegisterPublic comment period expires onAgency Contact

Proposed 2nd amendment to 11 NYCRR 6 (Insurance Regulation 195)

May 14, 2025June 4, 2025August 4, 2025Joana Lucashuk

Proposed 3rd amendment to 11 NYCRR 74 (Insurance Regulation 159)

April 17, 2025May 7, 2025July 7, 2025Joana Lucashuk

Proposed 20th Amendment to 11 NYCRR 216 (Insurance Regulation 64)

December 3, 2024December 18, 2024February 18, 2025Hoda Nairooz

WITHDRAWN: Market Conduct Rules for Pharmacy Benefit Managers

DFS has withdrawn the Proposed Consolidated Rulemaking for the Third Amendment to Insurance Regulation 219 (11 NYCRR Part 450), First Amendment to Insurance Regulation 224 (11 NYCRR 454), Insurance Regulation 226 (11 NYCRR Part 456 New), Insurance Regulation 227 (11 NYCRR Part 457 New), Insurance Regulation 228 (11 NYCRR Part 458 New), and Insurance Regulation 229 (11 NYCRR 459 New).

October 31, 2023November 15, 2023N/AN/A

ADOPTED AS FINAL REGULATION: Licensing of Pharmacy Benefit Managers

DFS has adopted as a final adopted regulation the Proposed Consolidated 2nd Amendment to Insurance Regulation 219 [11 NYCRR 450] and addition of New Regulations 223 [New 11 NYCRR 453], 224 [New 11 NYCRR 454] and 225 [New 11 NYCRR 455].  See the Final Adoptions section below.

N/AN/AN/AN/A

Emergency Adoptions

Unless otherwise noted, emergency adoptions will expire 90 days after filing with the Secretary of State.

Questions regarding the content of specific adoptions may be addressed by email to the listed Agency Contact.

Updated 05/03/2024

Description and DocumentsDate Filed with the Secretary of StateDate Published in the State RegisterExpiration DateContact
There is no Emergency Adoption at this time.    

Final Adoptions

A final adopted regulation is a regulation that has been previously proposed and published, for which the public was afforded an opportunity to comment, and which DFS has adopted on a permanent basis. Final, adopted regulations may remain posted here for a limited time following adoption for the convenience of the public, but once adopted can always be accessed in the State Codes, Rules & Regulations (NYCRR)

Updated 04/16/2025

Adoption (link and description)Effective Date

Minimum Provisions for Automobile Liability Insurance Policies

April 16, 2025

Minimum Standards for the Form, Content and Sale of Health Insurance, Including Standards of Full and fair Disclosure

July 31, 2025

Network Adequacy and Access Standards for Mental Health and Substance Use Disorder Treatment Services

July 1, 2025

Statement of Actuarial Opinion and Actuarial Opinion Summary for Property/Casualty Insurers

March 12, 2025

Financial Statement Filings and Accounting Practices and Procedures

January 8, 2025

Consolidated PBM Regulations

November 27, 2024

Charges for Professional Health Services

October 23, 2024

Principle-based Reserving

October 9, 2024

Credit for Reinsurance

July 17, 2024

Enterprise Risk Management and Own Risk and Solvency Assessment; Group-wide Supervision

June 18, 2024

Mandatory Underwriting Inspection Requirement for Private Passenger Automobiles

June 18, 2024

Minimum Standards for Form, Content and Sale of Health Insurance, Including Standards of Full and Fair Disclosure

June 18, 2024

Minimum Provisions for Automobile Liability Insurance Policies

May 15, 2024

Minimum Standards for the New York State Partnership for Long-Term Care Program

January 3, 2024

Principle-Based Reserving

December 6, 2023

Licensing of Pharmacy Benefit Managers

November 15, 2023

Financial Statement Filings and Accounting Practices and Procedures

November 1, 2023

Minimum Provisions for Automobile Liability Insurance Policies

October 4, 2023

Excess Line Placements Governing Standards

July 12, 2023

General Duties, Accountability, and Transparency Provisions for Pharmacy Benefit Managers; Electronic Filings and Submissions

July 12, 2023

Principle-Based Reserving

March 1, 2023

Charges for Professional Health Services

February 15, 2023

 P2P Car Sharing Regulation

February 8, 2023

Minimum Standards for the Form, Content and Sale of Health Insurance, Including Standards of Full and Fair Disclosure

December 7, 2022

Office of Pharmacy Benefits

August 31, 2022

Registration of Pharmacy Benefit Managers

August 31, 2022

Separate Accounts and Separate Account Contracts

August 31, 2022

Agent Training Allowance Subsidies for Certain Life Insurance and Annuity Business 

August 24, 2022

Minimum Standards for Form, Content and Sale of Health Insurance, Including Standards of Full and Fair Disclosure

July 15, 2022

Principle-Based Reserving

December 29, 2021

Minimum Standards for Form, Content and Sale of Health Insurance, Including Standards of Full and Fair Disclosure

December 22, 2021

Financial Statement Filings And Accounting Practices And Procedures; Risk-Based Capital

December 15, 2021

Brokers, Agents and Certain Other Licensees - General

November 12, 2021

Public Adjusters

October 8, 2021

Credit for Reinsurance

September 29, 2021

Enterprise Risk Management and Own Risk and Solvency Assessment;

August 13, 2021

Final Adoption of Consensus Amendments to Insurance Regulations 78, 96, 68-C, 118, 85, 64 and 90 (11 NYCRR 55, 62, 65-3, 89, 136, 216, and 218)

June 9, 2021

Minimum Standards For Form, Content And Sale Of Health Insurance, Including Standards Of Full And Fair Disclosure

April 22, 2021

Office of Pharmacy Benefits

April 7, 2021

Principle-Based Reserving

March 31, 2021