---
type: "Bill"
title: "Authorizes the return of any operating reserve balances of members of a municipal insurance reciprocal"
description: "Authorizes the return of any operating reserve balances of members of a municipal insurance reciprocal upon the municipal reciprocal insurer's demonstration that it will retain sufficient surplus to support its obligations and writings."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2021-2022"
identifier: "S 7704"
citation: "New York S 7704 (2021-2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["BRESLIN"]
version_count: 1
action_count: 11
vote_count: 4
first_action: "2022-01-07"
last_action: "2022-03-18"
source: "openstates"
source_identifier: "ocd-bill/cfc9fde8-744d-4bb8-b5a3-e429e9c19269"
source_url: "http://www.nysenate.gov/legislation/bills/2021/S7704"
source_hash: "5b7aa1c2f6524bdc2021f712ae6222556defdcca3552aa2f17cd818b29b9cbe3"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-ny"]
---

# New York S 7704 (2021-2022) — Authorizes the return of any operating reserve balances of members of a municipal insurance reciprocal

Authorizes the return of any operating reserve balances of members of a municipal insurance reciprocal upon the municipal reciprocal insurer's demonstration that it will retain sufficient surplus to support its obligations and writings.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **S7704** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S7704&term=2021&Text=Y)

## Votes

- Assembly Vote — **138–0** (pass) · lower
- Rules Vote — **20–0** (pass) · upper
- Rules Vote — **20–0** (pass) · upper
- Floor Vote — **63–0** (pass) · upper

## Sponsors

- BRESLIN — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-01-07** REFERRED TO RULES `referral-committee`
- **2022-01-10** ORDERED TO THIRD READING CAL.32
- **2022-01-11** PASSED SENATE `passage`
- **2022-01-11** DELIVERED TO ASSEMBLY
- **2022-01-11** REFERRED TO INSURANCE `referral-committee`
- **2022-02-28** SUBSTITUTED FOR A8712
- **2022-02-28** ORDERED TO THIRD READING CAL.442
- **2022-02-28** PASSED ASSEMBLY `passage`
- **2022-02-28** RETURNED TO SENATE
- **2022-03-18** DELIVERED TO GOVERNOR `executive-receipt`
- **2022-03-18** SIGNED CHAP.148 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/cfc9fde8-744d-4bb8-b5a3-e429e9c19269`. Confidence: reported (aggregated from official New York legislature records).