Insurance Department

Report of Net Assessable Expenses

In accordance with State law, the Insurance Department assesses insurance carriers operating in New York State to fund the direct and indirect operating costs of programs associated with the Department. We reviewed the financial records maintained by the Department for the four years ended March 31, 1997 to verify the accuracy of the Department's estimated assessments during this period. These assessments were based on the estimated expenses and revenues of the programs funded by the assessments. As a result of our review, the Department is to calculate actual assessment amounts for the period and make refunds to or additional collections from individual insurance companies, as appropriate.

For a complete copy of Report 97-D-23 click here.