New York legislation · 2025-2026 General Assembly
New York S9561: Requires property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services
Status: Introduced, July 1, 2026
Requires property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services.
What the bill says
An act to amend the insurance law, in relation to requiring property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services.
From the introduced text, March 25, 2026:
AN ACT to amend the insurance law, in relation to requiring property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEMBLY, DO ENACT AS FOLLOWS: Section 1. The insurance law is amended by adding a new section 4123 to read as follows: § 4123. REPORTING REQUIREMENTS FOR PROPERTY/CASUALTY INSURANCE COMPANIES REGARDING MULTIFAMILY RESIDENTIAL BUILDINGS. (A) FOR THE PURPOSES OF THIS SECTION, THE TERM "MULTIFAMILY RESIDENTIAL BUILDING" SHALL MEAN A PROPERTY CONTAINING TWO OR MORE DWELLING UNITS. (B) EVERY PROPERTY/CASUALTY INSURANCE COMPANY DOING BUSINESS IN THIS STATE SHALL ANNUALLY SUBMIT TO THE DEPARTMENT A REPORT RELATING TO MULTIFAMILY RESIDENTIAL BUILDINGS INCLUDING, BUT NOT LIMITED TO, INFORMATION (2) CLAIMS PAID; AND (3) ANY OTHER INFORMATION REQUIRED BY THE DEPARTMENT IN CONSULTATION WITH THE DIVISION OF HOUSING AND COMMUNITY RENEWAL. (C) SUCH REPORT SHALL BE SUBMITTED IN THE FORM AND MANNER PRESCRIBED BY THE SUPERINTENDENT ON OR BEFORE MARCH FIRST OF EACH YEAR FOR THE PRIOR CALENDAR YEAR. (D) THE DEPARTMENT SHALL CREATE AND MAINTAIN A PUBLIC-FACING DATABASE WHICH ALLOWS ACCESS TO THE REPORTS SUBMITTED UNDER THIS SECTION; PROVIDED, HOWEVER, ANY PORTION OF A REPORT SUBMITTED UNDER THIS SECTION THAT SHALL CONSTITUTE TRADE SECRETS OR SENSITIVE COMMERCIAL INFORMATION SHALL: (1) NOT …
Sponsors
- Brian Kavanagh (D, 27) · primary sponsor
Latest actions
- : RECOMMIT, ENACTING CLAUSE STRICKEN
- : REFERRED TO INSURANCE
Subjects: Insurance Law
Common questions
- What is S9561?
- S9561 is a bill in the New York Legislature (2025-2026 General Assembly): Requires property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services.
- What does S9561 do?
- In its own words: An act to amend the insurance law, in relation to requiring property/casualty insurance companies to submit information on multifamily housing premiums and claims paid to the department of financial services.
- What is the status of S9561?
- Introduced as of July 1, 2026. Latest action: RECOMMIT, ENACTING CLAUSE STRICKEN (July 1, 2026).
- Who sponsored S9561?
- Brian Kavanagh (D, 27).
- Where is the official record for S9561?
- On the New York Legislature website: https://www.nysenate.gov/legislation/bills/2025/S9561
Source: official New York record. Tracked by Delilah, AI for legislation across all 50 states and Congress.