Bill Text: NY S02043 | 2019-2020 | General Assembly | Introduced

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Bill Title: Amends provisions of a chapter of 2018, extending provisions of law relating to catastrophic or reinsurance coverage issued to certain small groups, as proposed in S.8995 and A.11014.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Passed) 2019-08-29 - SIGNED CHAP.202 [S02043 Detail]

Download: New_York-2019-S02043-Introduced.html

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                STATE OF NEW YORK
        ________________________________________________________________________
                                          2043
                               2019-2020 Regular Sessions
                    IN SENATE
                                    January 18, 2019
                                       ___________
        Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
          printed to be committed to the Committee on Rules
        AN ACT to amend chapter 589 of the laws of 2015, amending the  insurance
          law relating to catastrophic or reinsurance coverage issued to certain
          small  groups,  in relation to the effectiveness thereof; and to amend
          chapter 588 of the laws of 2015, amending the insurance  law  relating
          to  catastrophic  or  reinsurance  coverage  issued  to  certain small
          groups, in relation to the effectiveness thereof
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
     1    Section  1. Section 5 of chapter 589 of the laws of 2015, amending the
     2  insurance law relating to catastrophic or reinsurance coverage issued to
     3  certain small groups, as amended by a chapter of the laws of 2018 amend-
     4  ing chapter 589 of the laws of 2015 relating to catastrophic or reinsur-
     5  ance coverage issued to certain small groups, as proposed in legislative
     6  bills numbers S. 8995 and A. 11014, is amended to read as follows:
     7    § 5. This act shall take effect on the  same  date  and  in  the  same
     8  manner  as  a  chapter  of  the  laws of 2015 amending the insurance law
     9  relating to catastrophic or reinsurance coverage issued to certain small
    10  groups, as proposed in legislative bills numbers S.5928-A and  A.8134-A,
    11  takes effect and shall be deemed repealed [nine] six years thereafter.
    12    § 2. Section 5 of chapter 588 of the laws of 2015, amending the insur-
    13  ance  law  relating  to  catastrophic  or reinsurance coverage issued to
    14  certain small groups, as amended by a chapter of the laws of 2018 amend-
    15  ing chapter 589 of the laws of 2015 relating to catastrophic or reinsur-
    16  ance coverage issued to certain small groups, as proposed in legislative
    17  bills numbers S. 8995 and A. 11014, is amended to read as follows:
    18    § 5. This act shall take  effect  immediately;  and  shall  be  deemed
    19  repealed [9] 6 years after it shall have become a law.
    20    § 3. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD07032-01-9