Bill Text: NY A03167 | 2021-2022 | General Assembly | Introduced

New York Assembly Bill 3167 (Prior Session Legislation)

Introduced

Bill Title: 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.

Spectrum: Partisan Bill (Democrat 12-0)

Status: (Introduced - Dead) 2022-01-05 - referred to insurance [A03167 Detail]

Download: New_York-2021-A03167-Introduced.html




                STATE OF NEW YORK
        ________________________________________________________________________

                                          3167

                               2021-2022 Regular Sessions

                   IN ASSEMBLY

                                    January 22, 2021
                                       ___________

        Introduced  by  M. of A. COOK, PEOPLES-STOKES, GUNTHER, TAYLOR, BUTTENS-
          CHON, FERNANDEZ, WILLIAMS, BICHOTTE HERMELYN -- Multi-Sponsored by  --
          M.  of A. GOTTFRIED, GRIFFIN, HYNDMAN, SIMON -- read once and referred
          to the Committee on Insurance

        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:

     1    Section  1.  Section  1117 of the insurance law is amended by adding a
     2  new subsection (h) to read as follows:
     3    (h) Any authorized insurer which issues contracts in  connection  with
     4  plans  providing  benefits for long term care pursuant to the provisions
     5  of this section shall prepare and maintain records which list the number
     6  of such policies cancelled during each year.  Such  records  shall  also
     7  indicate  which  policies  were  cancelled due to, or within thirty days
     8  after, an increase in policy premiums.
     9    § 2. This act shall take effect immediately.





         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07719-01-1