Article Summary
New York Gov. Kathy Hochul recently signed legislation, Assembly Bill 5718 opens in a new window and its companion Senate bill opens in a new window, 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 opens in a new window at Insurance Journal.