Assembly Bill A9343

2023-2024 Legislative Session

Requires the department of financial services publish a report on long-term care insurance rates

download bill text pdf

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Current 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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2023-A9343 (ACTIVE) - Details

See Senate Version of this Bill:
S8428
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §204, Ins L

2023-A9343 (ACTIVE) - Summary

Requires the department of financial services publish a report on long-term care insurance rates including historical rates and the dates and amounts of any rate changes.

2023-A9343 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9343
 
                           I N  A S S E M B L Y
 
                               March 6, 2024
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to requiring the depart-
   ment of financial services publish a report on long-term  care  insur-
   ance rates
 
   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 204 to
 read as follows:
   § 204. REPORT ON LONG-TERM CARE INSURANCE PLAN OR  POLICY  RATES.  THE
 SUPERINTENDENT  SHALL PUBLISH A REPORT ON THE DEPARTMENT'S WEBSITE WHICH
 SHALL INCLUDE, BUT NOT BE LIMITED TO:
   1. THE LONG-TERM CARE INSURANCE PLAN OR POLICY RATES BY  ALL  INSURERS
 SUBJECT TO THE PROVISIONS OF THIS CHAPTER;
   2. THE HISTORICAL LONG-TERM CARE INSURANCE PLAN OR POLICY RATES BY ALL
 INSURERS  SUBJECT  TO  THE  PROVISIONS OF THIS CHAPTER FOR THE PRIOR TEN
 YEARS; AND
   3. THE DATES AND AMOUNTS OF ANY CHANGES TO SUCH RATES.
   § 2. This act shall take effect on the ninetieth day  after  it  shall
 have become a law.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD13778-01-3

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