Requires DOBI to monitor, evaluate, and submit annual report concerning mental health parity.

This bill requires New Jersey's Department of Banking and Insurance (DOBI) to monitor and evaluate insurance companies' compliance with mental health parity laws. It mandates that insurance carriers submit annual reports by March 1st detailing how they apply non-quantitative treatment limitations (like step therapy or network restrictions) to mental health/substance use disorder coverage compared to medical/surgical care. DOBI must then analyze this data, maintain a public complaint log (with carrier names redacted), and issue an annual report to the legislature by May 1st detailing its oversight findings, enforcement actions, and compliance analysis. The law applies directly to all insurance companies offering health plans in New Jersey and ensures parity monitoring beyond federal requirements.