Assembly Bill A1462

2017-2018 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 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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2017-A1462 (ACTIVE) - Details

See Senate Version of this Bill:
S1839
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §215, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A684
2011-2012: A92, S6486
2013-2014: A1158, S381
2015-2016: A1048, S666
2019-2020: A1186, S3019
2021-2022: A568

2017-A1462 (ACTIVE) - Summary

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

2017-A1462 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   1462
 
                        2017-2018 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 12, 2017
                                ___________
 
 Introduced  by M. of A. CAHILL -- Multi-Sponsored by -- M. of A. COLTON,
   ENGLEBRIGHT, GUNTHER, HOOPER -- read once and referred to the  Commit-
   tee 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:
   §  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.
   § 2. This act shall take effect immediately.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00670-01-7

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