Hochul Signs Bill Allowing Out-of-State RRGs to Cover NY Nonprofits

Risk Retention Reporter

Beginning in March 2024, New York state law will allow risk retention groups to provide auto insurance to nonprofits.


Article Summary

New York Gov. Kathy Hochul recently signed legislation, Assembly Bill 5718 and its companion Senate bill, which will allow out-of-state risk retention groups (RRGs) to write auto insurance coverage to nonprofits in that state, beginning in March 2024.

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Carshare Restart: Hochul Signs Bill Allowing Out-of-State RRGs to Cover Nonprofits at Insurance Journal.