Assembly Bill A4688

2009-2010 Legislative Session

Relates to premium rates for health insurance

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A4688 (ACTIVE) - Details

See Senate Version of this Bill:
S3062
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§3231, 4308, 3216, 3221, 4303 & 3224-a, Ins L; amd §4406, Pub Health L

2009-A4688 (ACTIVE) - Summary

Enacts the health insurance premium integrity act; amends procedures for determination of loss ratio; amends provisions relating to payment of dividends and credits; relates to coverage of services of participating providers

2009-A4688 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4688

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                            February 5, 2009
                               ___________

Introduced  by M. of A. MORELLE, LANCMAN, CYMBROWITZ, PERRY, KOON, ALES-
  SI, GALEF, STIRPE, SCHIMEL, CHRISTENSEN, MAISEL, DelMONTE,  EDDINGTON,
  GREENE,  CUSICK,  SEMINERIO,  LUPARDO,  GABRYSZAK,  TITONE, PHEFFER --
  Multi-Sponsored by -- M. of A. BENJAMIN, BING, MAGNARELLI,  WEISENBERG
  -- read once and referred to the Committee on Insurance

AN  ACT  to  amend  the  insurance law, in relation to premium rates for
  health insurance; to amend the insurance law  and  the  public  health
  law,  in  relation to coverage of services of participating providers;
  and to amend the insurance law, in relation to the fair and  equitable
  settlement of claims for health care and payments for health services

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. This act shall be known and may be  cited  as  the  "health
insurance premium integrity act".
  S  2. Subsection (e) of section 3231 of the insurance law, as added by
chapter 501 of the laws of 1992, is amended to read as follows:
  (e) (1) DEFINITIONS. FOR PURPOSES OF THIS  SUBSECTION:    (A)  "POLICY
FORM"  SHALL MEAN A POLICY OR POLICIES AND ASSOCIATED RIDERS WHOSE EXPE-
RIENCE HAS BEEN POOLED IN ORDER TO DETERMINE RATES FOR EACH  POLICY  AND
EACH RIDER;
  (B)  "LOSS  RATIO"  SHALL MEAN THE RATIO OF DIRECT CLAIMS INCURRED FOR
THE REPORTING CALENDAR YEAR TO  DIRECT  PREMIUMS  EARNED  FOR  THE  SAME
REPORTING CALENDAR YEAR, EXPRESSED AS A PERCENTAGE;
  (C) "DIRECT CLAIMS INCURRED" SHALL MEAN CLAIMS PAID DURING THE REPORT-
ING  CALENDAR  YEAR  PLUS  THE  UNPAID  CLAIMS RESERVE AT THE END OF THE
REPORTING CALENDAR YEAR AND CALCULATED CONSISTENT WITH SUBPARAGRAPH  (C)
OF PARAGRAPH THREE OF THIS SUBSECTION;
  (D)  "DIRECT  PREMIUMS  EARNED" SHALL MEAN PREMIUMS WRITTEN DURING THE
REPORTING CALENDAR YEAR PLUS THE UNEARNED PREMIUMS AT THE  BEGINNING  OF
THE YEAR LESS THE UNEARNED PREMIUMS AT THE END OF THE YEAR, EXCLUSIVE OF
REINSURANCE ASSUMED OR CEDED; AND

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD07620-01-9
              

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