Assembly Bill A5601

2013-2014 Legislative Session

Requires insurers which issue contracts providing long term care benefits to maintain records of policies cancelled due to increased premiums

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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2013-A5601 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง1117, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A4167
2011-2012: A6098
2015-2016: A3436
2017-2018: A2044
2019-2020: A4545
2021-2022: A3167
2023-2024: A5997

2013-A5601 (ACTIVE) - Summary

Requires insurers which issue contracts providing long term care benefits to maintain records of policies cancelled during each year and requires that such records indicate which policies were cancelled due to, or within thirty days after, an increase in policy premiums due to increased premiums.

2013-A5601 (ACTIVE) - Bill Text download pdf 

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

                                  5601

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                              March 4, 2013
                               ___________

Introduced  by  M. of A. COOK, GUNTHER -- Multi-Sponsored by -- M. of A.
  GOTTFRIED, HOOPER -- read once and referred to the Committee on Insur-
  ance

AN ACT to amend the insurance law, in relation to health insurance plans
  for long term care

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

  Section  1.  Section  1117 of the insurance law is amended by adding a
new subsection (h) to read as follows:
  (H) ANY AUTHORIZED INSURER WHICH ISSUES CONTRACTS IN  CONNECTION  WITH
PLANS  PROVIDING  BENEFITS FOR LONG TERM CARE PURSUANT TO THE PROVISIONS
OF THIS SECTION SHALL PREPARE AND MAINTAIN RECORDS WHICH LIST THE NUMBER
OF SUCH POLICIES CANCELLED DURING EACH YEAR.  SUCH  RECORDS  SHALL  ALSO
INDICATE  WHICH  POLICIES  WERE  CANCELLED DUE TO, OR WITHIN THIRTY DAYS
AFTER, AN INCREASE IN POLICY PREMIUMS.
  S 2. This act shall take effect immediately.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD06619-01-3

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