Bill Text: NY S08995 | 2017-2018 | General Assembly | Introduced

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

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2018-06-19 - SUBSTITUTED BY A11014 [S08995 Detail]

Download: New_York-2017-S08995-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          8995
                    IN SENATE
                                      June 12, 2018
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
        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 370 of the laws of 2017,  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     9  takes effect and shall be deemed repealed [four] nine years thereafter.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 370 of the laws of 2017, is
    13  amended to read as follows:
    14    § 5. This act shall take  effect  immediately;  and  shall  be  deemed
    15  repealed [4] 9 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.
                                                                   LBD16034-01-8