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 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.

Read the Full Article:

Carshare Restart: Hochul Signs Bill Allowing Out-of-State RRGs to Cover Nonprofits opens in a new window at Insurance Journal.