Bill Text: NY A06559 | 2019-2020 | General Assembly | Introduced


Bill Title: Prohibits any life insurance company, providing a policy with coverage up to $500,000, from denying or canceling the policy for an individual who has a pre-existing medical condition; excludes a terminal diagnosis and participation in high risk activities.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2020-07-14 - held for consideration in insurance [A06559 Detail]

Download: New_York-2019-A06559-Introduced.html


                STATE OF NEW YORK
        ________________________________________________________________________
                                          6559
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                     March 11, 2019
                                       ___________
        Introduced  by  M. of A. KOLB -- read once and referred to the Committee
          on Insurance
        AN ACT to amend the insurance law, in relation to eligibility  for  life
          insurance based upon pre-existing medical conditions
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
     1    Section 1. The insurance law is amended by adding a new  section  3242
     2  to read as follows:
     3    § 3242. Eligibility for life insurance based upon pre-existing medical
     4  conditions.  (a)  Notwithstanding  any provision of law to the contrary,
     5  for any policy providing coverage up to five hundred  thousand  dollars,
     6  no insurer or entity authorized to do the kinds of business specified in
     7  paragraph  one  of  subsection  (a)  of section one thousand one hundred
     8  thirteen of this chapter shall include any pre-existing  medical  condi-
     9  tions in determining premium rates for the insureds.
    10    (b) No policy authorized by paragraph one of subsection (a) of section
    11  one thousand one hundred thirteen of this chapter, providing coverage up
    12  to  five  hundred  thousand  dollars, shall be denied or canceled by the
    13  insurer, or the terms and conditions  of  such  policy  altered  by  the
    14  insurer, solely on the basis of an individual having one or more pre-ex-
    15  isting medical conditions.
    16    (c)  Nothing in this section shall prohibit a policy from being denied
    17  or canceled by the insurer, or the terms and conditions of  such  policy
    18  altered by the insurer, or the premium rates adjusted by the insurer, if
    19  the  individual  has  received  a  terminal diagnosis from a health care
    20  provider or participates in high  risk  activities  including,  but  not
    21  limited  to, smoking, vaping, tobacco use, bungee jumping, scuba diving,
    22  parachuting, car racing, bike racing, boat racing, hang gliding, skiing,
    23  snowboarding, surfing, whitewater  rafting,  hot  air  ballooning,  rock
    24  climbing, mountain climbing, or flying a private plane.
    25    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD10102-01-9
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