---
type: "Bill"
title: "Authorizes certain policies issued by a risk retention group not chartered in this state and requires reporting by certain risk retention groups of other state's examinations, audits, or other investigations"
description: "Authorizes certain policies issued by a risk retention group not chartered in this state; requires reporting by certain risk retention groups of other state's examinations, audits, or other investigations and their findings; amends the effective date of a chapter of the laws of 2023 amending the insurance law and the vehicle and traffic law relating to owner's policies of liability insurance issued by a risk retention group not chartered within this state, as proposed in legislative bills numbers S.5959-B and A.5718-B, to March 1, 2024."
jurisdiction: "us/states/ny"
legislature: "New York Legislature"
session: "2023-2024"
identifier: "S 8053"
citation: "New York S 8053 (2023-2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Lea Webb"]
version_count: 1
action_count: 11
vote_count: 3
first_action: "2024-01-05"
last_action: "2024-01-26"
source: "openstates"
source_identifier: "ocd-bill/b777cf02-1056-4814-976e-ccfd17775717"
source_url: "http://www.nysenate.gov/legislation/bills/2023/S8053"
source_hash: "4fc2f7b12038602b29751854e376f5e7e7ce3674f5bc38c6918bc36db110c486"
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 8053 (2023-2024) — Authorizes certain policies issued by a risk retention group not chartered in this state and requires reporting by certain risk retention groups of other state's examinations, audits, or other investigations

Authorizes certain policies issued by a risk retention group not chartered in this state; requires reporting by certain risk retention groups of other state's examinations, audits, or other investigations and their findings; amends the effective date of a chapter of the laws of 2023 amending the insurance law and the vehicle and traffic law relating to owner's policies of liability insurance issued by a risk retention group not chartered within this state, as proposed in legislative bills numbers S.5959-B and A.5718-B, to March 1, 2024.

## Version chain

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

1. **S8053** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S8053&term=2023&Text=Y)

## Votes

- Rules Vote — **21–0** (pass) · upper
- Assembly Vote — **141–0** (pass) · lower
- Floor Vote — **61–1** (pass) · upper

## Sponsors

- Lea Webb — primary (person)

## Timeline

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

- **2024-01-05** REFERRED TO RULES `referral-committee`
- **2024-01-08** ORDERED TO THIRD READING CAL.43
- **2024-01-09** PASSED SENATE `passage`
- **2024-01-09** DELIVERED TO ASSEMBLY
- **2024-01-09** REFERRED TO INSURANCE `referral-committee`
- **2024-01-16** SUBSTITUTED FOR A8505
- **2024-01-16** ORDERED TO THIRD READING CAL.217
- **2024-01-16** PASSED ASSEMBLY `passage`
- **2024-01-16** RETURNED TO SENATE
- **2024-01-26** DELIVERED TO GOVERNOR `executive-receipt`
- **2024-01-26** SIGNED CHAP.14 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b777cf02-1056-4814-976e-ccfd17775717`. Confidence: reported (aggregated from official New York legislature records).