Bill Text: NY S08428 | 2023-2024 | General Assembly | Introduced

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Bill Title: Requires the department of financial services publish a report on long-term care insurance rates including historical rates and the dates and amounts of any rate changes.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced) 2024-01-29 - REFERRED TO INSURANCE [S08428 Detail]

Download: New_York-2023-S08428-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                          8428

                    IN SENATE

                                    January 29, 2024
                                       ___________

        Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance

        AN ACT to amend the insurance law, in relation to requiring the  depart-
          ment  of  financial services publish a report on long-term care insur-
          ance rates

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

     1    Section 1. The insurance law is amended by adding a new section 204 to
     2  read as follows:
     3    §  204.  Report  on long-term care insurance plan or policy rates. The
     4  superintendent shall publish a report on the department's website  which
     5  shall include, but not be limited to:
     6    1.  the  long-term care insurance plan or policy rates by all insurers
     7  subject to the provisions of this chapter;
     8    2. the historical long-term care insurance plan or policy rates by all
     9  insurers subject to the provisions of this chapter  for  the  prior  ten
    10  years; and
    11    3. the dates and amounts of any changes to such rates.
    12    §  2.  This  act shall take effect on the ninetieth day after it shall
    13  have become a law.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13778-01-3