Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers

Introduced

In Committee

Floor

Crossed Over

Passed

Enacted

Overview Bill text 1 History 12 Sponsors

Permits a waiver of the diligent effort requirement in limited circumstances for certain insurance coverage to be placed by licensed excess line brokers with unauthorized insurers where a retail producing insurance broker seeks to procure or place commercial lines insurance through an unaffiliated wholesale excess line insurance broker.

Chamber: Senate
Introduced: Feb 20, 2025
Last action: May 19, 2026 — REFERRED TO INSURANCE
Session: 2025-2026
Momentum: 66 · High

PASSAGE PROBABILITY

1% Unlikely

Why this number

Stage base Passed First Chamber — base rate 16%, measured from NY's completed sessions
Momentum +4 66/100 from the pace of recorded action
Time since last action -21 148 days quiet

A transparent scoring model over stage, momentum, recency, sponsorship and recorded votes — not a trained predictor. Treat it as a way to rank attention, not as a forecast.