senate Bill S7314A

Signed By Governor
2011-2012 Legislative Session

Relates to self-funded student health benefit plans

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor


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

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Actions

view actions (15)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jul 18, 2012 signed chap.246
Jul 06, 2012 delivered to governor
Jun 20, 2012 returned to senate
passed assembly
ordered to third reading rules cal.500
substituted for a10577
referred to codes
delivered to assembly
passed senate
Jun 06, 2012 advanced to third reading
Jun 05, 2012 2nd report cal.
Jun 04, 2012 1st report cal.999
May 31, 2012 print number 7314a
amend (t) and recommit to insurance
May 02, 2012 referred to insurance

Co-Sponsors

S7314 - Details

See Assembly Version of this Bill:
A10577
Law Section:
Insurance Law
Laws Affected:
Amd §§1108 & 4237-a, add §1124, Ins L

S7314 - Summary

Relates to self-funded student health benefit plans.

S7314 - Sponsor Memo

S7314 - Bill Text download pdf

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

                                  7314

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sens.  SEWARD, O'MARA -- 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  self-funded  student
  health benefit plans

  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 article 80  to
read as follows:
                               ARTICLE 80
                SELF-FUNDED STUDENT HEALTH BENEFIT PLANS
SECTION 8000. PURPOSE.
        8001. DEFINITIONS.
        8002. MINIMUM STANDARDS FOR PLANS.
        8003. APPLICATION.
        8004. AGREEMENT.
        8005. PERIODIC REPORTS OF SELF-INSURERS.
        8006. SUSPENSION OR REVOCATION OF APPROVAL.
        8007. DISCONTINUANCE OF PLAN.
  S 8000. PURPOSE. THE PURPOSE OF THIS ARTICLE IS TO SET FORTH STANDARDS
AND  PROCEDURES  FOR  NOT-FOR-PROFIT  PRIVATE AND PUBLIC INSTITUTIONS OF
HIGHER EDUCATION WHICH PROVIDE FOUR YEAR BACHELOR'S DEGREE PROGRAMS  AND
GRADUATE  OR  PROFESSIONAL DEGREE PROGRAMS, AND WHICH HAVE ENDOWMENTS OF
AT LEAST ONE BILLION DOLLARS, TO OBTAIN AUTHORIZATION TO PROVIDE FOR THE
HEALTH INSURANCE NEEDS OF THEIR  STUDENTS  BY  IMPLEMENTING  SELF-FUNDED
STUDENT HEALTH BENEFIT PLANS.
  S  8001.  DEFINITIONS. FOR THE PURPOSES OF THIS ARTICLE, THE FOLLOWING
TERMS SHALL HAVE THE FOLLOWING MEANINGS:
  (A) "PLAN" SHALL MEAN A SELF-FUNDED STUDENT HEALTH BENEFIT PLAN  MEET-
ING THE REQUIREMENTS OF SECTION EIGHT THOUSAND TWO OF THIS ARTICLE.
  (B)  "QUALIFIED  ACTUARY"  SHALL MEAN A MEMBER IN GOOD STANDING OF THE
AMERICAN ACADEMY OF ACTUARIES, A PERSON RECOGNIZED BY THE AMERICAN ACAD-
EMY OF ACTUARIES AS QUALIFIED TO  PREPARE  ACTUARIAL  VALUATIONS,  OR  A
PERSON WHO OTHERWISE HAS DEMONSTRATED THEIR COMPETENCY IN SUCH ACTUARIAL
VALUATION TO THE SATISFACTION OF THE SUPERINTENDENT.

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

Co-Sponsors

S7314A (ACTIVE) - Details

See Assembly Version of this Bill:
A10577
Law Section:
Insurance Law
Laws Affected:
Amd §§1108 & 4237-a, add §1124, Ins L

S7314A (ACTIVE) - Summary

Relates to self-funded student health benefit plans.

S7314A (ACTIVE) - Sponsor Memo

S7314A (ACTIVE) - Bill Text download pdf

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

                                 7314--A

                            I N  S E N A T E

                               May 2, 2012
                               ___________

Introduced  by  Sens.  SEWARD, O'MARA -- read twice and ordered printed,
  and when printed to be committed to  the  Committee  on  Insurance  --
  committee  discharged,  bill amended, ordered reprinted as amended and
  recommitted to said committee

AN ACT to amend the insurance law,  in  relation  to  permitting  insti-
  tutions of higher education to self-fund accident and health insurance
  for their students

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

  Section 1. Section 1108 of the insurance law is amended  by  adding  a
new subsection (k) to read as follows:
  (K) AN INSTITUTION OF HIGHER EDUCATION, AS DEFINED IN PARAGRAPH TWO OF
SUBSECTION  (A)  OF SECTION ONE THOUSAND ONE HUNDRED TWENTY-FOUR OF THIS
ARTICLE, THAT HAS A CERTIFICATE OF AUTHORITY FROM THE SUPERINTENDENT AND
COMPLIES WITH THE REQUIREMENTS OF SECTION ONE THOUSAND ONE HUNDRED TWEN-
TY-FOUR OF THIS ARTICLE, TO THE EXTENT THEREIN STATED.
  S 2. The insurance law is amended by adding a new section 1124 to read
as follows:
  S 1124.  INSTITUTIONS  OF  HIGHER  EDUCATION  EXEMPT;  CERTIFICATE  OF
AUTHORITY. (A) FOR THE PURPOSES OF THIS SECTION:
  (1)  "QUALIFIED  ACTUARY"  MEANS  AN  ACTUARY  WHO IS A MEMBER IN GOOD
STANDING OF THE AMERICAN ACADEMY OF ACTUARIES OR SOCIETY  OF  ACTUARIES,
WITH  EXPERIENCE IN ESTABLISHING RATES FOR SELF-INSURED TRUSTS PROVIDING
HEALTH BENEFITS OR OTHER SIMILAR EXPERIENCE.
  (2) "INSTITUTION OF HIGHER EDUCATION" OR "INSTITUTION" MEANS AN EDUCA-
TIONAL INSTITUTION IN THIS STATE THAT:
  (A) ADMITS AS REGULAR STUDENTS ONLY PERSONS HAVING  A  CERTIFICATE  OF
GRADUATION  FROM  A  SCHOOL PROVIDING SECONDARY EDUCATION, OR THE RECOG-
NIZED EQUIVALENT OF SUCH A CERTIFICATE, OR PERSONS WHO HAVE COMPLETED  A
SECONDARY SCHOOL EDUCATION IN A HOME SCHOOL SETTING THAT IS TREATED AS A
HOME SCHOOL OR PRIVATE SCHOOL UNDER THE LAWS OF THIS STATE;
  (B)  IS  LEGALLY  AUTHORIZED WITHIN THIS STATE TO PROVIDE A PROGRAM OF
EDUCATION BEYOND SECONDARY EDUCATION;

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD15135-02-2

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