A2245 (2025-26 session)
NY State bill
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.
- Title
- Enacts the New York small contractor relief act
- Type
- New York State Assembly bill
- Session
- 2025-26 session
- Status
- In Assembly Committee
- Latest action date
- 2026-01-07
- In committee
- Insurance
- Introduced
- 2025-01-15
- Active version
- A2245B
- Same as
- S2130
- Law section
- Insurance Law
Sponsors
- Edward C. Braunstein Assembly Member, District 26
Co-sponsors
- David I. Weprin Assembly Member, District 24
- Rebecca A. Seawright Assembly Member, District 76
- Rodneyse Bichotte Hermelyn Assembly Member, District 42
- Yudelka Tapia Assembly Member, District 86
Heard in committee
- Insurance NY State Assembly committee
Same as
- S2130 (2025-26 session) NY State bill