STATE OF NEW YORK
________________________________________________________________________
8494
2025-2026 Regular Sessions
IN ASSEMBLY
May 20, 2025
___________
Introduced by M. of A. WEPRIN -- read once and referred to the Committee
on Insurance
AN ACT to amend chapter 394 of the laws of 2018 amending the insurance
law relating to the implementation of a valuation manual and relating
to directing the department of financial services to study the impact
of the implementation of such valuation manual, in relation to the
time period for submitting reports and making such provisions perma-
nent
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subdivision 3 of section 2 and section 3 of chapter 394 of
2 the laws of 2018 amending the insurance law relating to the implementa-
3 tion of a valuation manual and relating to directing the department of
4 financial services to study the impact of the implementation of such
5 valuation manual, are amended to read as follows:
6 3. The superintendent of the department of financial services shall
7 submit a report to the governor, temporary president of the senate and
8 speaker of the assembly of the department's findings in the second[,]
9 and fifth [and seventh] years after the operative date of the valuation
10 manual.
11 § 3. This act shall take effect immediately[; and shall be deemed
12 repealed 10 years after it shall have become a law].
13 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD11913-01-5
