Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2010 |
referred to insurance |
Jun 17, 2009 |
referred to insurance |
Assembly Bill A8965
2009-2010 Legislative Session
Sponsored By
CARROZZA
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
Actions
co-Sponsors
Joseph Morelle
2009-A8965 (ACTIVE) - Details
2009-A8965 (ACTIVE) - Sponsor Memo
BILL NUMBER:A8965 TITLE OF BILL: An act to amend the insurance law, in relation to an extended free look period for senior citizens purchasing individual health insurance policies or contracts Purpose: This bill would amend the Insurance Law to provide an extended "free look" period for senior citizens purchasing individual health insurance policies or contracts. Summary of Provisions: Section 1 of the bill divides Insurance Law § 3216(c)(10) into subpara- graphs (A) and (B) and creates new subparagraphs (C) and (D). Subpara- graph (A) maintains the existing 10 to 20-day free look period for certain types of individual health insurance policies that insure an individual who is under the age of 65 on the effective date of coverage. Subparagraph (B) retains the current 30-day free look period for a poli- cy or certificate that is: (1) sold by mail order; (2) provides Medicare supplemental insurance for an insured who was under the age of 65 on the effective date of coverage; or (3) provides long-term care insurance for an insured who is under the age of 65 on the effective date of coverage. Subparagraph (C) inserts new language that requires a 90-day free look
2009-A8965 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 8965 2009-2010 Regular Sessions I N A S S E M B L Y June 17, 2009 ___________ Introduced by M. of A. CARROZZA, MORELLE -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to an extended free look period for senior citizens purchasing individual health insurance policies or contracts THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 10 of subsection (c) of section 3216 of the insurance law, as amended by section 31 of part B of chapter 58 of the laws of 2004, is amended to read as follows: (10) (A) There is prominently printed on the first page thereof or there is attached thereto a notice to the effect that during a specified period of time, which shall not be less than ten days nor more than twenty days from the date the policy is delivered to the policyholder, it may be surrendered to the insurer together with a written request for cancellation of the policy and in such event the insurer will refund any premium paid therefor including any policy fees or other charges[, provided, however, that this paragraph shall not apply to single premium nonrenewable policies insuring against accidents only or accidental bodily injuries only; provided, however, that]. (B) NOTWITHSTANDING SUBPARAGRAPH (A) OF THIS PARAGRAPH, a [contract] POLICY or certificate sold by mail order [and]; a [contract] POLICY or certificate providing medicare supplemental insurance COVERING ANY INSURED UNDER AGE SIXTY-FIVE ON THE EFFECTIVE DATE OF COVERAGE; or A POLICY OR CERTIFICATE PROVIDING long-term care insurance [must] COVERING ANY INSURED UNDER AGE SIXTY-FIVE ON THE EFFECTIVE DATE OF COVERAGE SHALL contain a provision, OR SHALL HAVE ATTACHED THERETO A NOTICE, permitting the [contract] POLICY or certificate holder a thirty day period for such surrender AS DESCRIBED IN SUBPARAGRAPH (A) OF THIS PARAGRAPH. (C) NOTWITHSTANDING SUBPARAGRAPH (A) OF THIS PARAGRAPH, A POLICY SOLD TO ANY INSURED WHO IS AGE SIXTY-FIVE OR OLDER ON THE EFFECTIVE DATE OF EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD14393-01-9
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.