Relates to the time period for submitting reports regarding the valuation manual and makes provisions relating to such valuation manual permanent

Bill S 8097 modifies existing insurance law concerning a valuation manual. It adjusts the reporting schedule for the Superintendent of the Department of Financial Services, requiring them to submit reports on the manual's impact in the second and fifth years after its implementation, removing a previous seventh-year report. Additionally, this bill makes the provisions related to the valuation manual permanent by removing a clause that would have repealed them after 10 years. These changes directly affect the Department of Financial Services' reporting duties and ensure the ongoing application of the valuation manual within the insurance industry.