Fabio
83 lines
3.9 KiB
Markdown
83 lines
3.9 KiB
Markdown
---
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type: "Bill"
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title: "Authorizes certain policies issued by a risk retention group not chartered in this state"
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description: "Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code."
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jurisdiction: "us/states/ny"
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legislature: "New York Legislature"
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session: "2023-2024"
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identifier: "S 5959"
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citation: "New York S 5959 (2023-2024)"
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classification: ["bill"]
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subjects: []
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status: "enacted"
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primary_sponsors: ["Lea Webb"]
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version_count: 3
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action_count: 17
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vote_count: 3
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first_action: "2023-03-23"
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last_action: "2023-09-15"
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source: "openstates"
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source_identifier: "ocd-bill/db6d7af3-7974-4d1b-8622-b3548950d56c"
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source_url: "http://www.nysenate.gov/legislation/bills/2023/S5959"
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source_hash: "fdd3e08924d7b33a18acd986434b6ba078c35f9c1a7522efaec078ebb01416fd"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ny"]
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---
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# New York S 5959 (2023-2024) — Authorizes certain policies issued by a risk retention group not chartered in this state
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Authorizes certain policies issued by a risk retention group not chartered in this state but which is registered with the superintendent of financial services under the federal liability risk retention act of 1986, comprised entirely of organizations to which contributions are eligible for deduction under section 501(c)(3) of the internal revenue code and which qualifies as a charitable risk pool under section 501(n) of the internal revenue code.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **S5959** (committee substitute) — [source](http://assembly.state.ny.us/leg/?sh=printbill&bn=S5959&term=2023&Text=Y)
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2. **S5959A** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2023/S5959A)
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3. **S5959B** (committee substitute) — [source](http://legislation.nysenate.gov/pdf/bills/2023/S5959B)
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## Votes
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- Assembly Vote — **144–1** (pass) · lower
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- Insurance Vote - Version: A — **11–0** (pass) · upper
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- Floor Vote - Version: B — **61–0** (pass) · upper
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## Sponsors
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- Lea Webb — primary (person)
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- Jeremy Cooney — cosponsor (person)
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- Leroy Comrie — cosponsor (person)
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- Samra Brouk — cosponsor (person)
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- Sean Ryan — cosponsor (person)
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- Timothy M. Kennedy — cosponsor (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2023-03-23** REFERRED TO INSURANCE `referral-committee`
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- **2023-04-10** AMEND AND RECOMMIT TO INSURANCE `amendment-passage, referral-committee`
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- **2023-04-10** PRINT NUMBER 5959A `amendment-passage`
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- **2023-05-22** 1ST REPORT CAL.1188
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- **2023-05-23** 2ND REPORT CAL.
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- **2023-05-24** ADVANCED TO THIRD READING
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- **2023-05-31** AMENDED ON THIRD READING 5959B `amendment-passage`
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- **2023-06-05** PASSED SENATE `passage`
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- **2023-06-05** DELIVERED TO ASSEMBLY
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- **2023-06-05** REFERRED TO INSURANCE `referral-committee`
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- **2023-06-08** SUBSTITUTED FOR A5718B
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- **2023-06-08** ORDERED TO THIRD READING RULES CAL.704
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- **2023-06-08** PASSED ASSEMBLY `passage`
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- **2023-06-08** RETURNED TO SENATE
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- **2023-09-07** DELIVERED TO GOVERNOR `executive-receipt`
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- **2023-09-15** SIGNED CHAP.438 `executive-signature`
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- **2023-09-15** APPROVAL MEMO.8
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/db6d7af3-7974-4d1b-8622-b3548950d56c`. Confidence: reported (aggregated from official New York legislature records).
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