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S 10080·NY·senate

Requires the superintendent of financial services to conduct a review of mandated benefits and their impact on insurance premiums and to conduct a cost analysis of legislation mandating new insurance benefits

In CommitteeFiled Apr 27, 2026
Sponsor: Jamaal Bailey
Latest Action

REFERRED TO INSURANCE

Apr 27, 2026

Summary

The bill adds two duties for the Superintendent of Financial Services: a one‑year review of all insurance benefit mandates in effect as of Dec. 31, 2025, and a cost analysis of any new legislation that adds insurance benefits. The analysis must be made public, and new benefit laws cannot become effective until the analysis is completed. This creates a transparency check on how mandates affect insurance premiums.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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