NY A08364

Requires the Superintendent of Financial Services to review all mandated insurance benefits under New York state law as of December 31, 2024, and issue a report detailing both individual and cumulative costs on insurance premiums within one year of the law taking effect

Mandates that the superintendent conduct a cost analysis of any new legislation requiring insurance benefits to examine premium impacts before such legislation is adopted

New insurance mandate legislation passed but not yet considered by the governor cannot take full effect until the superintendent's cost analysis is completed and made publicly available for review and comment

Applies to all legislation mandating new insurance benefits passed on or after the effective date of this law