Bill Text: NY A08264 | 2017-2018 | General Assembly | Introduced

New York Assembly Bill 8264 (Prior Session Legislation)

Introduced

Bill Title: Extends provisions of law relating to catastrophic or reinsurance coverage issued to certain small groups.

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2017-10-23 - signed chap.370 [A08264 Detail]

Download: New_York-2017-A08264-Introduced.html



                STATE OF NEW YORK
        ________________________________________________________________________
                                          8264
                               2017-2018 Regular Sessions
                   IN ASSEMBLY
                                      June 2, 2017
                                       ___________
        Introduced by M. of A. CAHILL -- read once and referred to the Committee
          on Insurance
        AN  ACT to amend chapter 589 of the laws of 2015, amending the insurance
          law relating to catastrophic or reinsurance coverage issued to certain
          small groups, in relation to the effectiveness thereof; and  to  amend
          chapter  588  of the laws of 2015, amending the insurance law relating
          to catastrophic  or  reinsurance  coverage  issued  to  certain  small
          groups, in relation to the effectiveness thereof
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. Section 5 of chapter 589 of the laws of 2015, amending  the
     2  insurance law relating to catastrophic or reinsurance coverage issued to
     3  certain  small  groups, as amended by chapter 12 of the laws of 2016, is
     4  amended to read as follows:
     5    § 5. This act shall take effect on the  same  date  and  in  the  same
     6  manner  as  a  chapter  of  the  laws of 2015 amending the insurance law
     7  relating to catastrophic or reinsurance coverage issued to certain small
     8  groups, as proposed in legislative bills numbers S.5928-A and  A.8134-A,
     9  takes effect and shall be deemed repealed [three] four years thereafter.
    10    § 2. Section 5 of chapter 588 of the laws of 2015, amending the insur-
    11  ance  law  relating  to  catastrophic  or reinsurance coverage issued to
    12  certain small groups, as amended by chapter 12 of the laws of  2016,  is
    13  amended to read as follows:
    14    §  5.  This  act  shall  take  effect immediately; and shall be deemed
    15  repealed [3] 4 years after it shall have become a law.
    16    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13004-01-7