Senate Bill S666

2015-2016 Legislative Session

Authorizes superintendent of financial services to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates

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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2015-S666 (ACTIVE) - Details

See Assembly Version of this Bill:
A1048
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add ยง215, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A684
2011-2012: S6486, A92
2013-2014: S381, A1158
2017-2018: S1839, A1462
2019-2020: S3019, A1186
2021-2022: A568

2015-S666 (ACTIVE) - Summary

Authorizes superintendent of financial services to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates.

2015-S666 (ACTIVE) - Sponsor Memo

2015-S666 (ACTIVE) - Bill Text download pdf

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

                                   666

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                               (PREFILED)

                             January 7, 2015
                               ___________

Introduced  by  Sens. KENNEDY, AVELLA -- 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 the powers and  duties
  of the superintendent of financial services

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

  Section 1. The insurance law is amended by adding a new section 215 to
read as follows:
  S 215.  SUPERINTENDENT  TO  PROHIBIT  RETROACTIVE  APPLICATIONS  OF  A
RESULTING  RATE  CHANGE.  THE  SUPERINTENDENT SHALL PROMULGATE RULES AND
REGULATIONS TO PROHIBIT RETROACTIVE APPLICATIONS  OF  A  RESULTING  RATE
CHANGE. SUCH RULES AND REGULATIONS SHALL INCLUDE, BUT NOT BE LIMITED TO,
ESTABLISHING  REASONABLE  TIME  PERIODS  IN  WHICH  THE DEPARTMENT SHALL
REVIEW RATE  REQUESTS  AND  PROVIDING  THE  DEPARTMENT  WITH  SUFFICIENT
RESOURCES TO ACCOMPLISH SUCH TASKS.
  S 2. This act shall take effect immediately.





 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD03210-01-5


              

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