Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jul 22, 2014 |
signed chap.124 |
Jul 11, 2014 |
delivered to governor |
Jun 10, 2014 |
returned to assembly passed senate 3rd reading cal.968 substituted for s7317 referred to insurance delivered to senate passed assembly |
Jun 09, 2014 |
ordered to third reading rules cal.98 rules report cal.98 reported |
Jun 03, 2014 |
reported referred to rules |
May 09, 2014 |
referred to insurance |
Assembly Bill A9604
Signed By Governor2013-2014 Legislative Session
Sponsored By
MORELLE
Archive: Last Bill Status - 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
Actions
Votes
co-Sponsors
Barbara Lifton
David Weprin
2013-A9604 (ACTIVE) - Details
- See Senate Version of this Bill:
- S7317
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §1124, Ins L
2013-A9604 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 9604 I N A S S E M B L Y May 9, 2014 ___________ 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 funding for student health plans THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (m) of section 1124 of the insurance law, as added by chapter 246 of the laws of 2012, is amended to read as follows: (m)(1) [No part of any] ANY funds of the institution, as they pertain to the student health plan, shall be [subject to the claims of general creditors of the institution] ACCOUNTED FOR SEPARATE AND APART FROM ALL OTHER ASSETS, LIABILITIES, INCOME AND EXPENSES OF THE INSTITUTION until all plan benefits and other plan obligations have been satisfied. Until such time, the institution shall continue to maintain and fund the reserve funds required to be established under subsection (h) of this section. If at any time the superintendent determines that additional funds shall be deposited in the reserve funds, then the institution shall make the deposit within [thirty] FIVE days of the superintendent's determination. (2) If, after twenty-four months, or such longer period as deemed necessary by the superintendent, all plan benefits and other plan obli- gations have been satisfied, the institution, upon approval by the superintendent, shall no longer be required to maintain assets within the plan's reserve funds within [restricted] accounts within the insti- tution's general accounting ledger system. S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD15047-01-4
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.