|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to insurance|
|Jan 09, 2013||referred to insurance|
senate Bill S381
Archive: Last Bill Status - In Senate Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S381 - Details
S381 - Sponsor Memo
BILL NUMBER:S381 TITLE OF BILL: An act to amend the insurance law, in relation to the powers and duties of the superintendent of financial services PURPOSE OR GENERAL IDEA OF BILL: This bill authorizes and directs the superintendent of the Department of Financial Services to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates. SUMMARY OF SPECIFIC PROVISIONS: The insurance law is amended by adding a new section 215 to authorize and direct the superintendent of the Department of Financial Services to promulgate rules and regulations necessary to prohibit retroactive charge-backs of health insurance rates. These shall include the establishment of reasonable time periods in which the department shall review rate requests and providing the department with sufficient resources to accomplish such tasks. EFFECTS OF PRESENT LAW WHICH THIS BILL WOULD ALTER: Existing law does not prohibit retroactive charge-backs of health insurance rate increases that are approved by the Department of Financial Services.
S381 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 381 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ 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. LBD02439-01-3
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