New York · 2025 Regular Session · Bill
S 5046: Establishes the interstate insurance product regulation compact to regulate certain insurance products among member states
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 5046 is a bill introduced in the New York Senate on February 18, 2025. According to its official title, it concerns: Establishes the interstate insurance product regulation compact to regulate certain insurance products among member states. Primary sponsor: Jamaal Bailey (Democratic/Working Families). It lists 2 additional sponsors. Most recent recorded action (January 7, 2026): REFERRED TO INSURANCE.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
Establishes the "Interstate insurance product regulation compact" to regulate certain insurance products among member states and to promote and protect the interest of consumers of individual and group annuity, life insurance, disability income and long-term care insurance products.
Sponsors
Sponsors by party (alphabetical): Democratic 1 · Democratic/Working Families 1 · Republican/Conservative 1
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Jamaal Bailey | Primary sponsor | Democratic/Working Families | Senate | 36 |
| Dean Murray | Co-sponsor | Republican/Conservative | Senate | 3 |
| James Skoufis | Co-sponsor | Democratic | Senate | 42 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO INSURANCE
- REFERRED TO INSURANCE