Bill Text: NY S01839 | 2017-2018 | General Assembly | Introduced
Bill Title: Authorizes superintendent of financial services to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates.
Spectrum: Partisan Bill (Democrat 2-0)
Status: (Introduced - Dead) 2018-01-03 - REFERRED TO INSURANCE [S01839 Detail]
Download: New_York-2017-S01839-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 1839 2017-2018 Regular Sessions IN SENATE January 11, 2017 ___________ Introduced by Sens. KENNEDY, AVELLA -- 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 the powers and duties of the superintendent of financial services 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 215 to 2 read as follows: 3 § 215. Superintendent to prohibit retroactive applications of a 4 resulting rate change. The superintendent shall promulgate rules and 5 regulations to prohibit retroactive applications of a resulting rate 6 change. Such rules and regulations shall include, but not be limited to, 7 establishing reasonable time periods in which the department shall 8 review rate requests and providing the department with sufficient 9 resources to accomplish such tasks. 10 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD00670-01-7
