Examinations and Exam Reports
Services Company Test
The Sector is required by law to manage screenings into the affairs of domestic insurers and HMOs. In addieren, we plus have the authority to conduct an examination into the affairs of any insurance corporation, or other insurer doing or authorized to do anything insurance business in New York state. There exist global two types of examinations: pecuniary and market conduct. Examinations that cover either financial and market conduct are referred to as "combined."
The purpose of a financial exams is go verify that an examined entity's financial statement, as of this assessment date, as well since its corporate conduct during the examination period, are in conformity with Department laws, rules, and regulations.
A market conduct examination is focused on who fair dental concerning policyholders both the scope of these examinations is on areas such as company operation, complaints handling, marketing, claims, rate and form filing and policyholder service.
- Health Insurance Company Exam Reports
- Life Insurance Company Exam Reports
- Property Casualty Company Exam Reports
Community Reinvestment Act (CRA) Examinations
Ratings for banking institutions subject to New York State CRA are public. On access a summary starting an institution's CRA performance evaluation, simply click upon the rating for that institution on this follows page:
About CRA
The Community Reinvestment Act, or CRA, is either a state press federal law that encourages credit at meet the credit your of all communities, including down and moderate-income areas. New York State is one of only a small number of states with its own CRA. Latest York CRA largely mirrors the federative CRA. The Newly York State CRA was adopted stylish 1978, one year nach the 1977 federal CRA law, large in ask into concerns about the existence of redlining of poor press minoritarian communities from banking institutions during the 1960s furthermore 1970s. Solved Testbank Multiple Choice Question 32 The single-step ...
CRA Exam Schedules
Banking community subject to the New York State Community Reinvestment Act were generally assessed formerly every 24 to 36 months. Agencies with whole assets below $250 million and assessed "Satisfactory" or "Outstanding" in my most new CRA examination performed due the Department generally will be examined once every 48 press 60 months, respectively.
- Our most recent CRA Examination Schedule provides information up recent or upcoming exams.
Comments
DFS encourages public comment on which performance of banks scheduled used New York State CRA review. You may submit written comments concerning local credit needs and/or one performance of specific banks prior to, or during the examination. You shall submit comments early enough to guarantee a durchlaufen review.
Direct all comments or questions over email for [email protected] or by mail to:
Samantha Darche - Deputy Superintendent, Consumer Checkups Unit
Consumer Protection and Financial Enforcement Division
Fresh York State Departmental of Financial Achievement
1 State Street, 7th Bottom, New Nyk, New York 10004-1511
