Requires all motor vehicle insurers to file annual detailed financial and claim data statements with the superintendent of financial services
REFERRED TO INSURANCE
Summary
The bill obligates every motor vehicle insurer operating in New York to submit a comprehensive financial statement and detailed claim information each year by April 1. The filings must cover all lines of auto insurance, include expense breakdowns, top‑salary data, and claim totals by zip code, and be signed by the CEO. The Superintendent will post the information online in aggregate form so consumers can see how insurers are funded and how claims are paid.
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