Assembly Bill A568

2021-2022 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

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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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2021-A568 (ACTIVE) - Details

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
2013-2014: A1158
2015-2016: A1048
2017-2018: A1462
2019-2020: A1186

2021-A568 (ACTIVE) - Summary

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

2021-A568 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    568
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                                (PREFILED)
 
                              January 6, 2021
                                ___________
 
 Introduced by M. of A. CAHILL -- read once and referred 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:
   §  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.
                                                            LBD01662-01-1

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