Bill Text: NY A07038 | 2023-2024 | General Assembly | Introduced

New York Assembly Bill 7038

Introduced

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

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Passed) 2023-10-25 - signed chap.576 [A07038 Detail]

Download: New_York-2023-A07038-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          7038

                               2023-2024 Regular Sessions

                   IN ASSEMBLY

                                      May 10, 2023
                                       ___________

        Introduced  by M. of A. WOERNER -- read once and referred to the Commit-
          tee 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 406 of the laws of 2021,  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 chapter 588 of the laws of 2015, takes  effect  and  shall  be
     7  deemed repealed [ten] thirteen years thereafter.
     8    § 2. Section 5 of chapter 588 of the laws of 2015, amending the insur-
     9  ance  law  relating  to  catastrophic  or reinsurance coverage issued to
    10  certain small groups, as amended by chapter 406 of the laws of 2021,  is
    11  amended to read as follows:
    12    §  5.  This  act  shall  take  effect immediately; and shall be deemed
    13  repealed [ten] thirteen years after it shall have become a law.
    14    § 3. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD08658-01-3