Assembly Bill A5955

2021-2022 Legislative Session

Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • 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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

multi-Sponsors

2021-A5955 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3221, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A7186
2011-2012: A1247
2013-2014: A331
2015-2016: A3978
2017-2018: A1560
2019-2020: A2918
2023-2024: A2018

2021-A5955 (ACTIVE) - Summary

Provides written notice of premium rate changes not less than sixty days prior to the effective date of such rate changes.

2021-A5955 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5955
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               March 2, 2021
                                ___________
 
 Introduced by M. of A. HAWLEY, SALKA, M. MILLER -- Multi-Sponsored by --
   M. of A.  BARCLAY -- read once and referred to the Committee on Insur-
   ance
 
 AN  ACT  to  amend  the  insurance law, in relation to providing written
   notice of premium rate changes not less than sixty days prior  to  the
   effective date of such rate changes

   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 4 of subsection (p) of section 3221 of the insur-
 ance law, as added by chapter 661 of the laws of  1997,  is  amended  to
 read as follows:
   (4)  At the time of coverage renewal, an insurer may modify the health
 insurance coverage for a group or blanket policy offered to a  large  or
 small group policyholder so long as such modification is consistent with
 this  chapter  and  effective  on  a uniform basis among all small group
 policyholders with that policy  form;  PROVIDED,  HOWEVER,  THE  INSURER
 SHALL  PROVIDE WRITTEN NOTICE TO ALL POLICYHOLDERS TO WHICH THE MODIFIED
 POLICY SHALL BE OFFERED OF ANY CHANGE IN PREMIUM  RATES  NOT  LESS  THAN
 SIXTY, BUT NOT MORE THAN ONE HUNDRED TWENTY, DAYS PRIOR TO THE EFFECTIVE
 DATE OF SUCH RATES.
   §  2.  This act shall take effect the first of January next succeeding
 the date on which it shall have become a law.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD01991-01-1

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.