 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          5321
 
                               2025-2026 Regular Sessions
 
                    IN SENATE
 
                                    February 20, 2025
                                       ___________
 
        Introduced  by  Sen.  BAILEY -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance
 
        AN ACT to amend the insurance law, in relation to the hiring of consult-
          ants
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section 1. The insurance law is amended by adding a new section 303 to
     2  read as follows:
     3    §  303.  Hiring  of  consultants.    The superintendent may engage the
     4  services of a consultant that or whom the superintendent deems necessary
     5  to assist the superintendent, including  assisting  with  reviewing  any
     6  rate  or  form  filing  submitted  to the superintendent. The person who
     7  submitted the filing to the superintendent or the person  for  whom  the
     8  services  were  performed,  other than the superintendent, shall pay the
     9  cost of such services directly to the consultant engaged.
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07823-01-5
Relates to the hiring of consultants

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