New York Superintendent of Financial Services
| New York Superintendent of Financial Services | |
 | |
| General information | |
| Office Type: | Nonpartisan |
| Office website: | Official Link |
| Compensation: | $210,000 |
| 2024 FY Budget: | $408,765,000 |
| Term limits: | None |
| Structure | |
| Length of term: | Serves at the pleasure of the governor |
| Authority: | NY Laws - Articles 1 & 2 (FIS) |
| Selection Method: | Appointed by the governor |
| Current Officeholder | |
New York Superintendent of Financial Services
Adrienne Harris | |
| Other New York Executive Offices | |
| Governor • Lieutenant Governor • Secretary of State • Attorney General • Comptroller • Commissioner of Education • Agriculture Commissioner • Financial Services Superintendent • Environmental Conservation Commissioner•Labor Commissioner • Public Service Commission • Insurance | |
The New York Superintendent of Financial Services is an appointed state executive position in the New York state government.
The superintendent oversees the Department of Financial Services, which supervises and regulates insurance companies, banks, and other financial institutions in the state.[1]
Current officeholder
The current New York Superintendent of Financial Services is Adrienne Harris (nonpartisan). Harris assumed office in 2022.
Authority
The superintendent of financial services' authority is derived from Articles 1 and 2 of the Financial Services Law chapter of the New York Laws.
FIS Articles 1 & 2:
| [T]he purpose of this chapter is to consolidate the department of insurance and banking, and provide for the enforcement of the insurance, banking and financial services laws, under the auspices of a single state agency to be known as the "department of financial services" ... The head of the department shall be the superintendent of financial services.[2][3] |
Qualifications
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that establishes the requirements necessary to qualify for a state executive office. That information for the New York Superintendent of Financial Services has not yet been added. After extensive research, we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Appointments
The superintendent is appointed by the governor and confirmed by the state Senate.[3]
Vacancies
Note: Ballotpedia's state executive officials project researches the constitutional or statutory text that details the process of filling vacancies for a state executive office. That information for the New York Superintendent of Financial Services has not yet been added. After extensive research, we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
Duties
The superintendent of financial services oversees the Department of Financial Services, which supervises and regulates insurance companies, banks, and other financial institutions in the state.[1] Duties of the office include, but are not limited to:[2]
- Encouraging, promoting, and assisting financial services institutions to operate, remain, and expand in the state;
- Providing for the effective enforcement of banking and insurance laws;
- Ensuring the safety and soundness of the state's financial services industries;
- Protecting the public interest and the interests of shareholders; and
- Promoting the reduction and elimination of fraud, abuse, and unethical conduct regarding financial services institutions and their customers.
Divisions
Note: Ballotpedia's state executive officials project researches state official websites for information that describes the divisions (if any exist) of a state executive office. That information for the New York Superintendent of Financial Services has not yet been added. After extensive research we were unable to identify any relevant information on state official websites. If you have any additional information about this office for inclusion on this section and/or page, please email us.
By law, the Department of Financial Services consists of two divisions: insurance and banking. The superintendent has the power to establish any additional bureaus, divisions, or other units in order to administer and operate the department.[4]
State budget
- See also: New York state budget and finances
The budget for the Department of Financial Services in Fiscal Year 2024 was $408,765,000.[5]
Compensation
- See also: Compensation of state executive officers
2022
In 2022, the officer's salary was $210,000, according to the Council of State Governments.[6]
2021
In 2021, the superintendent received a salary of $210,000, according to the Council of State Governments.[7]
2020
In 2020, the superintendent received a salary of $210,000, according to the Council of State Governments.[8]
2019
In 2019, the superintendent received a salary of $127,000, according to the Council of State Governments.[9]
2018
In 2018, the superintendent received a salary of $127,000, according to the Council of State Governments.[10]
2017
In 2017, the superintendent received a salary of $127,000, according to the Council of State Governments.[11]
2016
In 2016, the superintendent received a salary of $127,000, according to the Council of State Governments.[12]
2015
In 2015, the superintendent received a salary of $127,000, according to the Council of State Governments.[13]
2014
In 2014, the superintendent received a salary of $127,000, according to the Council of State Governments.[14]
Historical officeholders
There have been three New York superintendents of financial services and one interim superintendent since the position's creation in 2011.
| List of Officeholders from 2011-Present | |||||
|---|---|---|---|---|---|
| # | Name | Tenure | |||
| 1 | Benjamin Lawsky | 2011 - 2015 | |||
| - | Anthony Albanese (interim) | 2015 - 2016 | |||
| 2 | Maria Vullo | 2016 - 2019 | |||
| 3 | Linda Lacewell | 2019 - 2022 | |||
| 4 | Adrienne Harris | 2022 - Present | |||
Recent news
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Contact information
New York State Department of Financial Services
1 State Street
New York, NY 10004-1511
Phone: 800-342-3736
Consumer questions: [email protected]
Licensing questions: [email protected]
See also
| New York | State Executive Elections | News and Analysis |
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External links
Footnotes
- ↑ 1.0 1.1 Department of Financial Services, "About Us," accessed Jan. 31, 2021
- ↑ 2.0 2.1 Justia, "NY Fin Serv L § 102 (2019)," accessed Jan. 31, 2021
- ↑ Justia, "NY Fin Serv L § 205 (2019)," accessed Jan. 31, 2021
- ↑ New York State Division of the Budget, "Fiscal Year 2024 Enacted Budget Financial Plan," accessed December 6, 2023
- ↑ Council of State Governments, "Book of the States 2022 Table 4.11: Selected State Administrative Officials: Annual Salaries," provided to Ballotpedia by CSG personnel
- ↑ Issuu, "The Book of the States 2021," accessed September 28, 2022
- ↑ Issuu, "The Book of the States," Sept. 30, 2020
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2019," accessed Jan. 27, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2018," accessed Jan. 27, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2017," accessed Jan. 27, 2021
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2016," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries, 2015," accessed August 27, 2016
- ↑ Council of State Governments, "Selected State Administrative Officials: Annual Salaries," accessed December 3, 2014
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