Bill Text: NY A04545 | 2019-2020 | General Assembly | 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 18-0)

Status: (Introduced) 2019-02-04 - referred to insurance [A04545 Detail]

Download: New_York-2019-A04545-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 4, 2019
        Introduced  by  M.  of  A.  COOK, PEOPLES-STOKES, GUNTHER, ORTIZ, BLAKE,
          D'URSO -- Multi-Sponsored by -- M. of A. BUCHWALD, GOTTFRIED, HYNDMAN,
          MOSLEY -- 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.