Bill Text: NY S09354 | 2023-2024 | General Assembly | Introduced

---

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

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-05-20 - REPORTED AND COMMITTED TO FINANCE [S09354 Detail]

Download: New_York-2023-S09354-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          9354

                    IN SENATE

                                      May 13, 2024
                                       ___________

        Introduced  by  Sen. BRESLIN -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance

        AN ACT to amend the insurance law, in relation to the hiring of consult-
          ants

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. The insurance law is amended by adding a new section 303 to
     2  read as follows:
     3    §  303.  Hiring  of  consultants.    The superintendent may engage the
     4  services of a consultant that or whom the superintendent deems necessary
     5  to assist the superintendent, including  assisting  with  reviewing  any
     6  rate  or  form  filing  submitted  to the superintendent. The person who
     7  submitted the filing to the superintendent or the person  for  whom  the
     8  services  were  performed,  other than the superintendent, shall pay the
     9  cost of such services directly to the consultant engaged.
    10    § 2. This act shall take effect immediately.







         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15569-01-4