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NY A08715
Bill
Status
6/2/2025
Primary Sponsor
Phillip Steck
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AI Summary
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Requires the State Comptroller to conduct audits of the Department of Financial Services at least every two years (biennially) to evaluate how the agency monitors insurer compliance with mental health and substance use disorder parity laws
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Audits must assess the Department of Financial Services' accuracy and effectiveness in measuring insurer compliance with federal and state parity requirements, and include compliance determinations for each insurer with explanations
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Comptroller must publish a report and distribute it to the Governor, Attorney General, legislative leaders, and chairs/ranking members of relevant Senate and Assembly committees on alcoholism, mental health, and insurance
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Initial report due by July 1 of the year following the act's effective date, with subsequent biennial reports due by July 1
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Takes effect immediately upon passage
Legislative Description
Directs the state comptroller to conduct an audit of the department of financial services to ensure the agency is meeting its responsibility to evaluate and assess insurer compliance with federal and state mental health and substance use disorder parity requirements.
Last Action
referred to governmental operations
1/7/2026