NY S08097

Reduces the required reporting schedule for the Department of Financial Services on the valuation manual's impact from three reports (second, fifth, and seventh years) to two reports (second and fifth years)

Removes the automatic 10-year sunset provision that would have repealed the valuation manual law, making the provisions permanent

Amends Chapter 394 of the Laws of 2018, which originally established requirements for implementing a valuation manual under insurance law

Requires the Superintendent of Financial Services to submit findings reports to the Governor, Senate Temporary President, and Assembly Speaker