Establishes the office of insurance consumer advocate within the department of financial services in New York.

New York S06069 creates the office of insurance consumer advocate within the department of financial services. The office consists of five members, three appointed by the secretary of state and two by the superintendent. The office's duties include assessing the impact of insurance regulatory actions on consumers, appearing at public hearings on rate-setting matters, and recommending insurance-related legislation. The office is funded by an assessment on domestic insurers and licensed U.S. branches of alien insurers domiciled in New York.

Establishes the office of insurance consumer advocate within the department of financial services in New York.

New York S06069 creates the office of insurance consumer advocate within the department of financial services. The office consists of five members, three appointed by the secretary of state and two by the superintendent. The office's duties include assessing the impact of insurance regulatory actions on consumers, appearing at public hearings on rate-setting matters, and recommending insurance-related legislation. The office is funded by an assessment on domestic insurers and licensed U.S. branches of alien insurers domiciled in New York.