New York Assembly Bill 11404: Enacts the "Terminate Excessive Cross-state Actuarial Subsidization (TEXAS) Act"

New York · 2025-2026 session

Status: In committee

What it does

Enacts the "Terminate Excessive Cross-state Actuarial Subsidization (TEXAS) Act" which requires life insurance companies to take state specific population health information into account as a factor; requires the superintendent of financial services to develop a standard weight to be given to state specific population health information in rate-setting.

Latest action

REFERRED TO INSURANCE (2026-05-15)

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