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Track Legislation
A11298Assembly BillIn Assembly CommitteePending 83d

Require Insurers Explain and Justify Premium Rate Increases

In Assembly committee as of May 11, 2026Under review by an Assembly committee.

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IntroducedIntro
In CommitteeComm.
Floor VoteFloor
Second Chamber2nd Ch.
Governor's DeskGov.
Signed into LawLaw

✦ Plain-Language Summary

This bill requires insurance companies to get approval before raising certain rates and must provide written explanations to customers when their premiums go up. If a rate increase is rejected, insurers would be allowed to refile with revised pricing. This gives New Yorkers more transparency and protection against unexpected or unjustified insurance premium hikes.

Details

Introduced
May 11, 2026
Body
New York State Assembly
Type
Assembly Bill
Status
In Assembly Committee

Sponsors (1)

Introduced byLarinda HooksYour District
View on NY Senate