← 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.

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.