Bill Text: NY A03625 | 2023-2024 | General Assembly | Introduced

---

Bill Title: Provides that health insurance contracts and policies for long term care shall be renewable each year at the option of the insured unless there is nonpayment of premiums.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Introduced) 2024-01-03 - referred to insurance [A03625 Detail]

Download: New_York-2023-A03625-Introduced.html

---

                STATE OF NEW YORK
        ________________________________________________________________________

                                          3625

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                    February 3, 2023
                                       ___________

        Introduced  by  M.  of A. COOK -- Multi-Sponsored by -- M. of A. COLTON,
          GUNTHER -- read once and referred to the Committee on Insurance

        AN ACT to amend the insurance law, in relation to the renewal of  health
          insurance policies for long term care

          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Paragraphs 5 and 6 of subsection (b) of section 1117 of the
     2  insurance law are renumbered paragraphs 6 and 7 and a new paragraph 5 is
     3  added to read as follows:
     4    (5) the plan's provisions, and any contracts  or  policies  issued  in
     5  connection  with  a  plan,  provide  that  any contract or policy issued
     6  shall, at the option of the insured, be renewable each year  unless  the
     7  insured  fails  to pay the premiums due for such renewal, in which event
     8  the insurer may cancel such contract or policy;
     9    § 2. This act shall take effect immediately.






         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07087-01-3