Bill Text: NY A08257 | 2011-2012 | General Assembly | Introduced

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Bill Title: Authorizes a trust that has been issued an experience rated group insurance policy to accept certain community rated employers without affecting the experience rated status of the trust.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2012-01-04 - referred to insurance [A08257 Detail]

Download: New_York-2011-A08257-Introduced.html

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                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         8257
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                     June 9, 2011
                                      ___________
       Introduced  by M. of A. MORELLE -- read once and referred to the Commit-
         tee on Insurance
       AN ACT to amend the insurance law, in relation to  authorizing  a  trust
         that  has  been  issued  an experience rated group insurance policy to
         accept certain community rated employers without affecting the experi-
         ence rated status of the trust; and providing for the repeal  of  such
         provisions upon expiration thereof
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Paragraph 2 of subsection (d) of section 4235 of the insur-
    2  ance law is amended to read as follows:
    3    (2) In this section "employer" may include any PUBLIC  BENEFIT  CORPO-
    4  RATION,  ANY  municipal corporation, or the proper officers, as such, of
    5  any unincorporated municipality, or any department of  such  corporation
    6  or municipality determined by conditions pertaining to the employment.
    7    S  2. Subsections (l) and (m) of section 4235 of the insurance law are
    8  relettered subsections (m) and (n) and a new subsection (l) is added  to
    9  read as follows:
   10    (L)  NOTWITHSTANDING  SUBSECTION (C) OF THIS SECTION, A TRUST THAT (1)
   11  WAS ESTABLISHED NOVEMBER FIFTEENTH, TWO THOUSAND TEN AND (2)  WHICH  HAS
   12  BEEN  VALIDLY  ISSUED A GROUP POLICY UNDER SUBPARAGRAPH (D) OF PARAGRAPH
   13  ONE OF SUBSECTION (C) OF THIS SECTION  IS  AUTHORIZED  TO  ACCEPT  AS  A
   14  MEMBER ANY MUNICIPAL CORPORATION, AS SUCH TERM IS DEFINED IN SECTION TWO
   15  OF  THE  GENERAL  MUNICIPAL  LAW,  AND  ANY  PUBLIC BENEFIT CORPORATION,
   16  INCLUDING, BUT NOT LIMITED TO ANY WATER AUTHORITY OR  DISTRICT  AND  ANY
   17  HOUSING  AUTHORITY, EVEN IF SUCH MUNICIPAL OR PUBLIC BENEFIT CORPORATION
   18  HAS LESS THAN FIFTY EMPLOYEES. SUCH CORPORATIONS SHALL  BE  ACCEPTED  AS
   19  MEMBERS  NOTWITHSTANDING  THEIR  STATUS  AS  COMMUNITY RATED PURSUANT TO
   20  SECTION THREE THOUSAND TWO HUNDRED THIRTY-ONE OF THIS  CHAPTER  AND  THE
   21  ACCEPTANCE  THEREOF  SHALL  NOT  AFFECT THE TRUST'S STATUS AS EXPERIENCE
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD10454-01-1
       A. 8257                             2
    1  RATED PURSUANT TO SUBPARAGRAPH (D) OF PARAGRAPH ONE OF SUBSECTION (C) OF
    2  THIS SECTION.
    3    S 3. This act shall take effect on the one hundred twentieth day after
    4  it  shall  have  become  a law and shall expire and be deemed repealed 3
    5  years after such effective date; provided, however, that effective imme-
    6  diately, the addition, amendment and/or repeal of any rule or regulation
    7  necessary for the implementation of this act on its  effective  date  is
    8  authorized  and  directed  to  be  made  and completed on or before such
    9  effective date.