Bill Text: NY S04290 | 2013-2014 | General Assembly | Amended

---

Bill Title: Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2014-01-31 - PRINT NUMBER 4290A [S04290 Detail]

Download: New_York-2013-S04290-Amended.html

---

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        4290--A
                              2013-2014 Regular Sessions
                                   I N  S E N A T E
                                    March 19, 2013
                                      ___________
       Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
         when printed to be committed to the Committee on Insurance  --  recom-
         mitted to the Committee on Insurance in accordance with Senate Rule 6,
         sec.  8  --  committee  discharged, bill amended, ordered reprinted as
         amended and recommitted to said committee
       AN ACT to amend the insurance law,  in  relation  to  providing  written
         notice  of  premium rate changes not less than sixty days prior to the
         effective date of such rate changes
         THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 4 of subsection (p) of section 3221 of the insur-
    2  ance  law,  as  added  by chapter 661 of the laws of 1997, is amended to
    3  read as follows:
    4    (4) At the time of coverage renewal, an insurer may modify the  health
    5  insurance  coverage  for a group or blanket policy offered to a large or
    6  small group policyholder so long as such modification is consistent with
    7  this chapter and effective on a uniform  basis  among  all  small  group
    8  policyholders  with  that  policy  form;  PROVIDED, HOWEVER, THE INSURER
    9  SHALL PROVIDE WRITTEN NOTICE TO ALL POLICYHOLDERS TO WHICH THE  MODIFIED
   10  POLICY  SHALL  BE  OFFERED  OF ANY CHANGE IN PREMIUM RATES NOT LESS THAN
   11  SIXTY, BUT NOT MORE THAN ONE HUNDRED TWENTY, DAYS PRIOR TO THE EFFECTIVE
   12  DATE OF SUCH RATES.
   13    S 2. This act shall take effect the first of January  next  succeeding
   14  the date on which it shall have become a law.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD00224-02-4