Bill Text: NY A10696 | 2019-2020 | General Assembly | Introduced
Bill Title: Extends certain insurance payments and debt collections for the COVID-19 covered period.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-07-01 - referred to insurance [A10696 Detail]
Download: New_York-2019-A10696-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 10696 IN ASSEMBLY July 1, 2020 ___________ Introduced by COMMITTEE ON RULES -- (at request of M. of A. Gottfried) -- read once and referred to the Committee on Insurance AN ACT extending certain payments and debt collections for the COVID-19 covered period The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. For the purposes of this act, "COVID-19 covered period" 2 means March 7, 2020 until the date on which none of the provisions that 3 closed or otherwise restricted public or private businesses or places of 4 public accommodation, or required postponement or cancellation of all 5 non-essential gatherings of individuals of any size for any reason in 6 executive orders 202.3, 202.4, 202.5, 202.6, 202.7, 202.8, 202.10, 7 202.11, 202.13 or 202.14, as extended by executive orders 202.28 and 8 202.31 and as further extended by any future executive order, issued in 9 response to the COVID-19 pandemic continue to apply in the county of the 10 insurer or debtors residence. 11 § 2. Notwithstanding any provision of law to the contrary, the grace 12 period for insurance policies covered under sections 3203 and 4510 of 13 the insurance law for the deferral of payment of premiums and fees shall 14 be extended to the end of the COVID-19 covered period, for any life 15 insurance policyholder or fraternal benefit society certificate holder, 16 as those terms are used in such sections, facing a financial hardship as 17 a result of the COVID-19 pandemic. 18 § 3. Notwithstanding any provision of law to the contrary and subject 19 to the consideration by the superintendent of financial services of the 20 liquidity and solvency of the applicable insurer, corporations subject 21 to article 43 of the insurance law, or health maintenance organizations 22 certified pursuant to article 44 of the public health law, covered under 23 subparagraph (c) of paragraph 1 of subsection (d) of section 3216 and 24 subsection (g) of section 4306 of the insurance law shall: 25 (1) extend the period for the deferral of payment of premiums to the 26 end of the COVID-19 covered period for any comprehensive health insur- 27 ance policy holder or contract holder under an individual policy or EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD16654-02-0A. 10696 2 1 contract, as those terms are used in such sections, who is facing a 2 financial hardship as a result of the COVID-19 pandemic; and 3 (2) require that the applicable insurer, corporation subject to arti- 4 cle 43 of the insurance law, or health maintenance organization certi- 5 fied pursuant to article 44 of the public health law shall be responsi- 6 ble for the payment of claims during such period and shall not 7 retroactively terminate the insurance policy or contract for non-payment 8 of premium during such period. 9 § 4. Notwithstanding any provision of law to the contrary, no insurer 10 covered under paragraphs 16, 17, 20, 21, 24, 26, and 30 of subsection 11 (a) of section 1113, section 1116 and articles 34, 53, 54, and 55 of the 12 insurance law and sections 54 and 226 of the workers' compensation law 13 shall cancel, not renew, or conditionally renew any insurance policy 14 issued to an individual or small business, or, in the case of a group 15 insurance policy, insuring certificate holders that are individuals or 16 small businesses, until the end of the COVID-19 covered period, for any 17 policyholder, or in the case of a group insurance policy, group policy- 18 holder or certificate holder, facing financial hardship as a result of 19 the COVID-19 pandemic. The foregoing relief shall also apply to the 20 kinds of insurance set forth in the insurance law. 21 § 5. This act shall take effect immediately.