New York A 8494: Relates to the time period for submitting reports regarding the valuation manual and makes provisions relating to such valuation manual permanent

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A08494 Summary:

BILL NOA08494 

&nbsp

SAME ASSAME AS S08097

&nbsp

SPONSORWeprin

&nbsp

COSPNSRMcDonald, Cook, Berger, Burdick

&nbsp

MLTSPNSR

&nbsp

Amd §§2 & 3, Chap 394 of 2018

&nbsp

Relates to the time period for submitting reports regarding the valuation manual; makes provisions relating to such valuation manual permanent.

Go to top A08494 Actions:

BILL NOA08494 

&nbsp

05/20/2025referred to insurance

01/07/2026referred to insurance

05/20/2026reported referred to rules

Go to topA08494 Committee&nbspVotes:

Committee:INSURANCE Chair:Weprin 
DATE:05/20/2026AYE/NAY:22/0 Action: Favorable refer to committee Rules WeprinAyeBlankenbushAye

CookExcusedHawleyExcused

LavineAyeGandolfoAye

SteckAyeJensenAye

DilanAyeBlumencranzAye

HunterAyeBendettAye

BronsonAyeChludzinskiAye

ForrestAye

AndersonAye

CruzAye

BoresAye

LunsfordAye

BergerAye

EichensteinAye

KayAye

YegerAye

WiederAye

LeeExcused

Go to topA08494 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA08494 Text:

 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

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