Senate Bill S7316

2011-2012 Legislative Session

Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes

download bill text pdf

Sponsored By

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

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2011-S7316 (ACTIVE) - Details

See Assembly Version of this Bill:
A1247
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง3221, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7186
2013-2014: S4290, A331
2015-2016: A3978
2017-2018: A1560
2019-2020: A2918
2021-2022: A5955
2023-2024: A2018

2011-S7316 (ACTIVE) - Summary

Provides written notice of premium rate changes not less than sixty days prior to the effective date of such rate changes.

2011-S7316 (ACTIVE) - Sponsor Memo

2011-S7316 (ACTIVE) - Bill Text download pdf 

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

                                  7316

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sen. MAZIARZ -- 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  providing  written
  notice  of  premium rate changes not less than sixty days prior to the
  effective date of such rate changes

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

  Section 1. Paragraph 4 of subsection (p) of section 3221 of the insur-
ance  law,  as  added  by chapter 661 of the laws of 1997, is amended to
read as follows:
  (4) At the time of coverage renewal, an insurer may modify the  health
insurance  coverage  for a group or blanket policy offered to a large or
small group policyholder so long as such modification is consistent with
this chapter and effective on a uniform  basis  among  all  small  group
policyholders  with  that  policy  form;  PROVIDED, HOWEVER, THE INSURER
SHALL PROVIDE WRITTEN NOTICE TO ALL POLICY HOLDERS TO WHICH THE MODIFIED
POLICY SHALL BE OFFERED OF ANY CHANGE IN PREMIUM  RATES  NOT  LESS  THAN
SIXTY, BUT NOT MORE THAN ONE HUNDRED TWENTY, DAYS PRIOR TO THE EFFECTIVE
DATE OF SUCH RATES.
  S 2. This act shall take effect September 1, 2012.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03374-02-2

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