Bill Text: NY S05581 | 2021-2022 | General Assembly | Amended

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

Spectrum: Slight Partisan Bill (Democrat 5-3)

Status: (Passed) 2021-08-20 - SIGNED CHAP.406 [S05581 Detail]

Download: New_York-2021-S05581-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         5581--A
            Cal. No. 742

                               2021-2022 Regular Sessions

                    IN SENATE

                                     March 11, 2021
                                       ___________

        Introduced  by  Sens.  BRESLIN,  HARCKHAM, HELMING, JORDAN, MAY, STEC --
          read twice and ordered printed, and when printed to  be  committed  to
          the  Committee on Insurance -- reported favorably from said committee,
          ordered to first and second report, ordered to a third reading, passed
          by Senate and delivered to the Assembly, recalled, vote  reconsidered,
          restored  to  third  reading, amended and ordered reprinted, retaining
          its place in the order of third reading

        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 section 1 of item E of subpart H  of
     4  part  XXX  of  chapter  58  of  the  laws of 2020, is amended to read as
     5  follows:
     6    § 5. This act shall take effect on the  same  date  and  in  the  same
     7  manner  as  chapter  588  of the laws of 2015, takes effect and shall be
     8  deemed repealed [seven] ten years thereafter.
     9    § 2. Section 5 of chapter 588 of the laws of 2015, amending the insur-
    10  ance law relating to catastrophic  or  reinsurance  coverage  issued  to
    11  certain  small groups, as amended by section 2 of item E of subpart H of
    12  part XXX of chapter 58 of the laws  of  2020,  is  amended  to  read  as
    13  follows:
    14    §  5.  This  act  shall  take  effect immediately; and shall be deemed
    15  repealed [7] ten 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.
                                                                   LBD07647-05-1