Bill Text: NY A10696 | 2019-2020 | General Assembly | Introduced

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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

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                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.
                                                                   LBD16654-02-0
        A. 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.