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NY A10308

Bill

Status

Introduced

5/17/2024

Primary Sponsor

David Weprin

Click for details

Origin

Assembly

2023-2024 General Assembly

AI Summary

  • Amends New York Insurance Law by adding new Section 303 to authorize the superintendent to engage consultants as necessary to assist with departmental duties, including reviewing rate and form filings.

  • Requires the person who submitted the filing or the person for whom services were performed (other than the superintendent) to pay consultant costs directly to the consultant.

  • Takes effect immediately upon passage.

Legislative Description

Authorizes the superintendent of financial services to hire a consultant to assist with reviewing any rate or form filing submitted to the superintendent.

Last Action

referred to insurance

5/17/2024

Committee Referrals

Insurance5/17/2024

Full Bill Text

No bill text available