Bill Text: NY A00331 | 2013-2014 | General Assembly | Amended

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

Spectrum: Moderate Partisan Bill (Republican 5-1)

Status: (Introduced - Dead) 2014-04-08 - held for consideration in insurance [A00331 Detail]

Download: New_York-2013-A00331-Amended.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                        331--A
                              2013-2014 Regular Sessions
                                 I N  A S S E M B L Y
                                      (PREFILED)
                                    January 9, 2013
                                      ___________
       Introduced  by M. of A. HAWLEY, McKEVITT, RAIA, FINCH -- Multi-Sponsored
         by -- M. of A.  BARCLAY, WEISENBERG -- read once and referred  to  the
         Committee on Insurance -- recommitted to the Committee on Insurance in
         accordance  with Assembly Rule 3, sec. 2 -- committee discharged, bill
         amended, ordered reprinted as amended and recommitted to said  commit-
         tee
       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.
                                                                  LBD00224-03-4