Assembly Bill A10577

Signed By Governor
2011-2012 Legislative Session

Relates to self-funded student health benefit plans

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S7314 - Signed by Governor


  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2011-A10577 (ACTIVE) - Details

See Senate Version of this Bill:
S7314
Law Section:
Insurance Law
Laws Affected:
Amd §§1108 & 4237-a, add §1124, Ins L

2011-A10577 (ACTIVE) - Summary

Relates to self-funded student health benefit plans.

2011-A10577 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  10577

                          I N  A S S E M B L Y

                              June 6, 2012
                               ___________

Introduced  by  COMMITTEE  ON  RULES -- (at request of M. of A. Morelle,
  Lifton, Magee, Gunther, Gottfried, Glick) -- read once and referred to
  the Committee on Insurance

AN ACT to amend the insurance law,  in  relation  to  permitting  insti-
  tutions of higher education to self-fund accident and health insurance
  for their students

  THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section 1. Section 1108 of the insurance law is amended  by  adding  a
new subsection (k) to read as follows:
  (K) AN INSTITUTION OF HIGHER EDUCATION, AS DEFINED IN PARAGRAPH TWO OF
SUBSECTION  (A)  OF SECTION ONE THOUSAND ONE HUNDRED TWENTY-FOUR OF THIS
ARTICLE, THAT HAS A CERTIFICATE OF AUTHORITY FROM THE SUPERINTENDENT AND
COMPLIES WITH THE REQUIREMENTS OF SECTION ONE THOUSAND ONE HUNDRED TWEN-
TY-FOUR OF THIS ARTICLE, TO THE EXTENT THEREIN STATED.
  S 2. The insurance law is amended by adding a new section 1124 to read
as follows:
  S 1124.  INSTITUTIONS  OF  HIGHER  EDUCATION  EXEMPT;  CERTIFICATE  OF
AUTHORITY. (A) FOR THE PURPOSES OF THIS SECTION:
  (1)  "QUALIFIED  ACTUARY"  MEANS  AN  ACTUARY  WHO IS A MEMBER IN GOOD
STANDING OF THE AMERICAN ACADEMY OF ACTUARIES OR SOCIETY  OF  ACTUARIES,
WITH  EXPERIENCE IN ESTABLISHING RATES FOR SELF-INSURED TRUSTS PROVIDING
HEALTH BENEFITS OR OTHER SIMILAR EXPERIENCE.
  (2) "INSTITUTION OF HIGHER EDUCATION" OR "INSTITUTION" MEANS AN EDUCA-
TIONAL INSTITUTION IN THIS STATE THAT:
  (A) ADMITS AS REGULAR STUDENTS ONLY PERSONS HAVING  A  CERTIFICATE  OF
GRADUATION  FROM  A  SCHOOL PROVIDING SECONDARY EDUCATION, OR THE RECOG-
NIZED EQUIVALENT OF SUCH A CERTIFICATE, OR PERSONS WHO HAVE COMPLETED  A
SECONDARY SCHOOL EDUCATION IN A HOME SCHOOL SETTING THAT IS TREATED AS A
HOME SCHOOL OR PRIVATE SCHOOL UNDER THE LAWS OF THIS STATE;
  (B)  IS  LEGALLY  AUTHORIZED WITHIN THIS STATE TO PROVIDE A PROGRAM OF
EDUCATION BEYOND SECONDARY EDUCATION;
  (C) PROVIDES AN EDUCATIONAL PROGRAM FOR WHICH THE INSTITUTION AWARDS A
BACHELOR'S DEGREE, GRADUATE DEGREE, OR PROFESSIONAL DEGREE;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
              

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