Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
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---|---|
Jan 06, 2010 |
referred to insurance |
Jan 21, 2009 |
referred to insurance |
Senate Bill S928
2009-2010 Legislative Session
Sponsored By
(D) Senate District
Archive: Last Bill Status - In Senate Committee Insurance 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
Actions
2009-S928 (ACTIVE) - Details
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd ยง4308, Ins L
2009-S928 (ACTIVE) - Sponsor Memo
BILL NUMBER: S928 TITLE OF BILL : An act to amend the insurance law, in relation to notice of public hearings concerning rate increases for non-profit medical and dental indemnity, or health and hospital service corporation PURPOSE/SUMMARY OF PROVISIONS : The purpose of this legislation is to increase the number of times from three to seven that insurance companies must advertise in local newspapers regarding a notice of a rate proposal public hearing, thereby, giving more notice to the public about potential rate increases and promoting more public participation at public hearings. JUSTIFICATION : The public should have more notice of a rate case public hearing than just three days. With seven days notice of the hearing appearing in local newspapers, the likelihood of a greater public response can be expected. Enhanced public participation will hold insurance carriers more accountable to the clients they serve. FISCAL IMPLICATIONS : None to state. EFFECTIVE DATE : This act shall take effect immediately.
2009-S928 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 928 2009-2010 Regular Sessions I N S E N A T E January 21, 2009 ___________ Introduced by Sen. KRUGER -- 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 notice of public hear- ings concerning rate increases for non-profit medical and dental indemnity, or health and hospital service corporation THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraphs 2 and 3 of subsection (c) of section 4308 of the insurance law, paragraph 3 as amended by chapter 520 of the laws of 1999, are amended to read as follows: (2) Prior to any such filing or application by or on behalf of a corporation for an increase or decrease in premiums for such contracts, such corporation, when directed by the superintendent, shall conduct a public hearing with respect to the terms of such filing or application. Notice of such hearing shall be published on [three] SEVEN successive days in at least two newspapers having general circulation within the territory or district wherein such corporation seeking approval of the filing is authorized to do business. The date specified for the hearing shall be not less than ten nor more than thirty days from the date of the first publication of the hearing. The notice of hearing shall state the purpose thereof, the time when and the place where the public hear- ing will be held. The public hearing shall be held at a time and location deemed by the superintendent to be most convenient to the greatest number of persons affected by such filing. At such hearing any person may be heard in favor of, or against, the terms of the filing or application. (3) Following the public hearing held pursuant to paragraph two of this subsection, a transcript of the testimony therein shall be submit- ted together with a rate filing or application, to the superintendent. Upon receipt of such filing or application by or on behalf of a corpo- ration, the superintendent shall order that a public hearing be held EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06579-01-9
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