senate Bill S6486

2011-2012 Legislative Session

Authorizes superintendent of insurance to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Senate Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Feb 15, 2012 referred to insurance

Co-Sponsors

S6486 - Details

Current Committee:
Law Section:
Insurance Law
Laws Affected:
Add ยง215, Ins L
Versions Introduced in 2009-2010 Legislative Session:
A684

S6486 - Summary

Authorizes superintendent of financial services to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates.

S6486 - Sponsor Memo

S6486 - Bill Text download pdf

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

                                  6486

                            I N  S E N A T E

                            February 15, 2012
                               ___________

Introduced  by  Sen. KENNEDY -- read twice and ordered printed, and when
  printed to be committed to the Committee on Insurance

AN ACT to amend the insurance law, in relation to the powers and  duties
  of the superintendent of financial services

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

  Section 1. The insurance law is amended by adding a new section 215 to
read as follows:
  S 215.  SUPERINTENDENT  TO  PROHIBIT  RETROACTIVE  APPLICATIONS  OF  A
RESULTING  RATE  CHANGE.  THE  SUPERINTENDENT SHALL PROMULGATE RULES AND
REGULATIONS TO PROHIBIT RETROACTIVE APPLICATIONS  OF  A  RESULTING  RATE
CHANGE. SUCH RULES AND REGULATIONS SHALL INCLUDE, BUT NOT BE LIMITED TO,
ESTABLISHING  REASONABLE  TIME  PERIODS  IN  WHICH  THE DEPARTMENT SHALL
REVIEW RATE  REQUESTS  AND  PROVIDING  THE  DEPARTMENT  WITH  SUFFICIENT
RESOURCES TO ACCOMPLISH SUCH TASKS.
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD01038-02-2

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