← All regulatory updates

state_legiscan_drain · NY

Extends the effectiveness of certain provisions providing for increased supplementary uninsured/underinsured motorist (SUM) insurance coverage to June 30, 2029.

May 27, 2026

Summary

If enacted, this bill would extend the effectiveness of New York provisions requiring increased supplementary uninsured/underinsured motorist (SUM) insurance coverage until June 30, 2029. This is a procedural extension with no substantive policy change, primarily affecting auto insurers and policyholders, not mortgage lending.

AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.

How this was generated

We record the exact prompt, model, and output for every AI response so it can be audited for accuracy.

Source: https://www.nysenate.gov/legislation/bills/2025/S10581

Common questions

What does "Extends the effectiveness of certain provisions providing for increased supplementary uninsured/underinsured motorist (SUM) insurance coverage to June 30, 2029." cover?
If enacted, this bill would extend the effectiveness of New York provisions requiring increased supplementary uninsured/underinsured motorist (SUM)…
When was it published?
It was published on May 27, 2026.

Get the free weekly digest

Every mortgage regulatory change, summarized, in your inbox. No account needed.

Stop missing the rule that costs you a loan.