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.
- DFS Annual Report - 2022 (PDF)
- DFS Annual Report - 2021 (PDF)
- Annual Reports Archive (includes Banking Department and Insurance Department Annual Reports)
Annual Report on Consumer Protection and Financial Fraud Enforcement
As required by Section 409 (b) of the Financial Services Law, a report on the activities of the Department in the areas of Financial Fraud and Consumer Protection undertaken to more thoroughly uncover, investigate and eliminate financial fraud in New York state.
- Annual Report on Consumer Protection and Financial Fraud Enforcement 2022 (PDF)
- Annual Report on Consumer Protection and Financial Fraud Enforcement 2021 (PDF)
Annual Report on Combatting Health Insurance Fraud
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.
- Annual Report on Combatting Health Insurance Fraud 2022 (PDF)
- Annual Report on Combatting Health Insurance Fraud 2021 (PDF)
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.
- HCPO Annual Report 2022 (PDF)
Insurance Agent Licensing Exam Data and 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.
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 available to corresponding federally-chartered institutions, but not expressly authorized by the Banking Law.
- Wild Card Report 2022 (PDF)
- Wild Card Report 2021 (PDF)
Visit the Wild Card Activities page to see recent actions DFS has taken under Section 12-a of the Banking Law.
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.
Consumer Guides (Complaint Rankings)
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 was required under Insurance Law 337.