Annual Report to the Governor and Legislature
The Annual Report, as required by Article 2, Section 207 of the Financial Services Law is a review of the department"s activities as well as developments in the financial services industry regulated by the department in the previous year.
- Annual Report - 2017
- Annual Report - 2016
- Annual Report - 2015
- Annual Report - 2014
- Annual Report - 2013
- Annual Report - 2012
- Annual Report - 2011
Wild Card Report
Section 12-a of the Banking Law, commonly referred to as the “Wild Card” section, is intended to maintain and enhance the appeal of the New York State banking charter. It authorizes the Superintendent of Financial Services to permit state-chartered banking organizations to exercise powers that are available to the corresponding federally-chartered institutions, but not expressly authorized by the Banking Law.
- Wild Card Report 2017 (PDF)
- Wild Card Report 2016 (PDF)
- Wild Card Report 2015 (PDF)
- Wild Card Report 2014 (PDF)
- Wild Card Report 2013 (PDF)
- Wild Card Report 2012 (PDF)
- Wild Card Report 2011 (PDF)
Financial Fraud and Consumer Protection Reports
As required by Section 409 (b) of the Financial Services Law, a report on the activities of the Financial Frauds and Consumer Protection Division (FFCPD), a division of the DFS created to more thoroughly uncover, investigate and eliminate the myriad financial frauds that may be perpetrated in New York state.
- Annual Financial Fraud and Consumer Protection Division Report 2017
- Annual Financial Fraud and Consumer Protection Division Report 2016
- Annual Financial Fraud and Consumer Protection Division Report 2015
- Annual Financial Fraud and Consumer Protection Division Report 2014
- Annual Financial Fraud and Consumer Protection Division Report 2013
- Annual Financial Fraud and Consumer Protection Division Report 2012
As required by Section 409 (c) of the Financial Services Law, a report summarizing the Department’s activities to investigate and combat health insurance fraud, including no-fault fraud, which totaled 85 percent of health insurance fraud reports and more than half of reports of fraud of all types.
Holocaust Claims Processing Office Report
Section 37-a of the Banking Law requires the Superintendent report annually to the Governor and Legislature on the condition and activities of the Department's Holocaust Claims Processing Office (HCPO). The report includes information on the operations and accomplishments of the HCPO as well as a schedule of expenses related to the recovery of properties belonging to Holocaust victim survivors.
Insurance Agent Licensing Demographics
Insurance Law section 214, requires that the Superintendent collect and report certain information from persons taking insurance agent licensing examinations. This information includes full name, address, gender, age, education level, race or ethnicity, and native language. The Department uses the information to produce a study including the total number of examinees, passing rate , and mean scores and examines the correlation between these items.
Long-Term Care Insurance
The Superintendent of Financial Services is required to make a biennial report to the Governor and the Legislature on the implementation of Chapter 245 of the Laws of 1986 regarding long term care insurance, including a description of the plans authorized to issue long term care insurance, factors contributing to or impeding the development of the enrollment in such plans, adequacy of consumer information in relation to long term care insurance coverage, and any other recommendations the Superintendent finds appropriate.
Certain consumer reports are required to be compiled and made available to consumers annually. The Consumer Guide to Health Insurers is required under Insurance Law section 210 and the Automobile Complaint Ranking and Consumer Guide to Automobile Insurance are required under Insurance Law 337.
- 2018 New York State Consumer Guide to Health Insurers
- 2018 Automobile Insurance Complaint Ranking
- Consumer Guide to Automobile Insurance (updated annually)