Requires the superintendent of financial services to promulgate regulations which provide standardized definitions for commonly used terms and phrases in…

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Requires the superintendent of financial services to promulgate regulations which provide standardized definitions for commonly used terms and phrases in certain insurance policies

The heading above is this same sentence with its legal opening removed. No words were added, changed or reordered.

Latest action Oct 17, 2025

Requires the superintendent to promulgate regulations which provide standardized definitions for commonly used terms and phrases in certain insurance policies.

Not chosen yet

Where it stands

Rejected by the executive.

Introduced
In committee
Up for a vote
Passed one chamber
Passed
Enacted

Vetoed

New York State Senate

Same as A1572, the matching bill in the Assembly.

Passed as A1572, the matching Assembly bill.

Amends the Insurance Law.

Committee

Insurance · New York State Assembly

Also referred to Insurance · New York State Senate.

Purpose, from the sponsor's memo

This bill would require the Superintendent of Financial Services, within six months of the effective date of this bill, to promulgate regulations which provide standardized definitions for commonly used terms and phrases found in homeowners policies and commercial lines policies that provide coverage for loss or damage to real property, personal property, or other liabilities for loss or damage to property. Insurers would be required to use the standardized terms and phrases in policies issued or delivered on or after the date the regulations are finalized. The bill would also allow insurers to use alternative definitions at the discretion of the Superintendent, so long as such definitions are not any less favorable to the policyholder or claimant than those required under the regulations.

Filed with the bill. Read it on nysenate.gov (opens in a new tab)

Recorded votes

Vote: Floor vote
NY SenateJun 11, 2025Result: passedSenate vote on A1572, the matching Assembly bill.
(38) (21) (0) (4)
Vote: Committee vote · Insurance
Senate InsuranceMay 5, 2025Result: passed
(9) (2) (0) (0)

Cosponsors

Steven Otis

Democratic1

Steven Otis

See the full list on nysenate.gov

The sponsor's argument

Why Jamaal Bailey says this is needed

Homeowners and commercial insurance policies provide necessary coverage to individuals and business owners that can prove vital in the aftermath of a disaster such as Superstorm Sandy. However, these policies can also be complex, and commonly used terms and phrases may have different mean- ings when used in different policies. This can cause confusion amongst policyholders, especially following a disaster when they need their insurance coverage the most. This bill would address this by ensuring that all homeowner policies and certain commercial policies contain standardized terms and phrases.

This is the sponsor's own case for the bill, quoted from their memorandum. It is not Agora's description of what the bill does.

Full history

Oct 17, 2025
Tabled
TABLED
NY Assembly
Oct 16, 2025
Vetoed
VETOED MEMO.35
NY Assembly
Oct 9, 2025
Sent to the executive
DELIVERED TO GOVERNOR
NY Assembly
Jun 11, 2025
3RD Reading CAL.923
3RD READING CAL.923
NY Senate
Jun 11, 2025
Passed a chamber
PASSED SENATE
NY Senate

Show full history (11 earlier events)

Jun 11, 2025
Substituted
SUBSTITUTED FOR S4963
NY Senate
May 7, 2025
Advanced to Third Reading
ADVANCED TO THIRD READING
NY Senate
May 6, 2025
2ND Report CAL.
2ND REPORT CAL.
NY Senate
May 5, 2025
1ST Report CAL.923
1ST REPORT CAL.923
NY Senate
Mar 25, 2025
Sent to the executive
DELIVERED TO SENATE
NY Assembly
Mar 25, 2025
Passed a chamber
PASSED ASSEMBLY
NY Assembly
Mar 25, 2025
Referred to committee
REFERRED TO INSURANCE
NY Senate
Feb 27, 2025
Advanced to Third Reading CAL.31
ADVANCED TO THIRD READING CAL.31
NY Assembly
Feb 24, 2025
Reported out of committee
REPORTED
NY Assembly
Feb 14, 2025
Referred to committee
REFERRED TO INSURANCE
NY Senate
Jan 10, 2025
Referred to committee
REFERRED TO INSURANCE
NY Assembly

About this record

Summary: The summary comes from NY Open Legislation, the New York State Senate's public record. For more, see How we handle summaries.
Cosponsors: The list shows the cosponsors who are on Agora, A to Z. The official record may list more.
Party colors: Parties are shown in the same neutral colors.
Source: From NY Open Legislation, the NY Senate and Assembly, and official rosters. This record was last updated Oct 21, 2026. About our data

Read the record

Read on NY Senate (opens in a new tab) The official record on nysenate.gov.

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