New York S01655 requires motor vehicle insurers to file annual financial and claim data statements with the superintendent of financial services.
New York S01655 mandates that all motor vehicle insurers submit annual detailed financial and claim data statements to the superintendent of financial services. These statements must include comprehensive information on the insurer's income, expenses, and claims, and must be made available to the public. The data must be signed and attested by the insurer's chief executive officer, who is held personally responsible for its accuracy. The superintendent is required to issue annual reports summarizing the collected information and to make these reports publicly accessible.
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