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Assembly Bill A8257

2011-2012 Legislative Session

Authorizes a trust that has been issued an experience rated group insurance policy to accept certain community rated employers

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Archive: Last Bill Status - In Assembly Committee

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2011-A8257 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง4235, Ins L

2011-A8257 (ACTIVE) - Summary

Authorizes a trust that has been issued an experience rated group insurance policy to accept certain community rated employers without affecting the experience rated status of the trust.

2011-A8257 (ACTIVE) - Bill Text download pdf 

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

                                  8257

                       2011-2012 Regular Sessions

                          I N  A S S E M B L Y

                              June 9, 2011
                               ___________

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  authorizing  a  trust
  that  has  been  issued  an experience rated group insurance policy to
  accept certain community rated employers without affecting the experi-
  ence rated status of the trust; and providing for the repeal  of  such
  provisions upon expiration thereof

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

  Section 1. Paragraph 2 of subsection (d) of section 4235 of the insur-
ance law is amended to read as follows:
  (2) In this section "employer" may include any PUBLIC  BENEFIT  CORPO-
RATION,  ANY  municipal corporation, or the proper officers, as such, of
any unincorporated municipality, or any department of  such  corporation
or municipality determined by conditions pertaining to the employment.
  S  2. Subsections (l) and (m) of section 4235 of the insurance law are
relettered subsections (m) and (n) and a new subsection (l) is added  to
read as follows:
  (L)  NOTWITHSTANDING  SUBSECTION (C) OF THIS SECTION, A TRUST THAT (1)
WAS ESTABLISHED NOVEMBER FIFTEENTH, TWO THOUSAND TEN AND (2)  WHICH  HAS
BEEN  VALIDLY  ISSUED A GROUP POLICY UNDER SUBPARAGRAPH (D) OF PARAGRAPH
ONE OF SUBSECTION (C) OF THIS SECTION  IS  AUTHORIZED  TO  ACCEPT  AS  A
MEMBER ANY MUNICIPAL CORPORATION, AS SUCH TERM IS DEFINED IN SECTION TWO
OF  THE  GENERAL  MUNICIPAL  LAW,  AND  ANY  PUBLIC BENEFIT CORPORATION,
INCLUDING, BUT NOT LIMITED TO ANY WATER AUTHORITY OR  DISTRICT  AND  ANY
HOUSING  AUTHORITY, EVEN IF SUCH MUNICIPAL OR PUBLIC BENEFIT CORPORATION
HAS LESS THAN FIFTY EMPLOYEES. SUCH CORPORATIONS SHALL  BE  ACCEPTED  AS
MEMBERS  NOTWITHSTANDING  THEIR  STATUS  AS  COMMUNITY RATED PURSUANT TO
SECTION THREE THOUSAND TWO HUNDRED THIRTY-ONE OF THIS  CHAPTER  AND  THE
ACCEPTANCE  THEREOF  SHALL  NOT  AFFECT THE TRUST'S STATUS AS EXPERIENCE

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10454-01-1

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