senate Bill S4290A

2013-2014 Legislative Session

Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes

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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

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 31, 2014 print number 4290a
amend and recommit to insurance
Jan 08, 2014 referred to insurance
Mar 19, 2013 referred to insurance

S4290 - Details

See Assembly Version of this Bill:
A331A
Law Section:
Insurance Law
Laws Affected:
Amd §3221, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S7316, A1247A
2009-2010: A7186

S4290 - Summary

Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes.

S4290 - Sponsor Memo

S4290 - Bill Text download pdf

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

                                  4290

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 19, 2013
                               ___________

Introduced  by  Sen.  RANZENHOFER -- 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  providing  written
  notice  of  premium rate changes not less than sixty days prior to the
  effective date of such rate changes

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

  Section 1. Paragraph 4 of subsection (p) of section 3221 of the insur-
ance  law,  as  added  by chapter 661 of the laws of 1997, is amended to
read as follows:
  (4) At the time of coverage renewal, an insurer may modify the  health
insurance  coverage  for a group or blanket policy offered to a large or
small group policyholder so long as such modification is consistent with
this chapter and effective on a uniform  basis  among  all  small  group
policyholders  with  that  policy  form;  PROVIDED, HOWEVER, THE INSURER
SHALL PROVIDE WRITTEN NOTICE TO ALL POLICYHOLDERS TO WHICH THE  MODIFIED
POLICY  SHALL  BE  OFFERED  OF ANY CHANGE IN PREMIUM RATES NOT LESS THAN
SIXTY, BUT NOT MORE THAN ONE HUNDRED TWENTY, DAYS PRIOR TO THE EFFECTIVE
DATE OF SUCH RATES.
  S 2. This act shall take effect September 1, 2014.




 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00224-01-3

S4290A (ACTIVE) - Details

See Assembly Version of this Bill:
A331A
Law Section:
Insurance Law
Laws Affected:
Amd §3221, Ins L
Versions Introduced in Previous Legislative Sessions:
2011-2012: S7316, A1247A
2009-2010: A7186

S4290A (ACTIVE) - Summary

Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes.

S4290A (ACTIVE) - Sponsor Memo

S4290A (ACTIVE) - Bill Text download pdf

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

                                 4290--A

                       2013-2014 Regular Sessions

                            I N  S E N A T E

                             March 19, 2013
                               ___________

Introduced  by  Sen.  RANZENHOFER -- read twice and ordered printed, and
  when printed to be committed to the Committee on Insurance  --  recom-
  mitted to the Committee on Insurance in accordance with Senate Rule 6,
  sec.  8  --  committee  discharged, bill amended, ordered reprinted as
  amended and recommitted to said committee

AN ACT to amend the insurance law,  in  relation  to  providing  written
  notice  of  premium rate changes not less than sixty days prior to the
  effective date of such rate changes

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

  Section 1. Paragraph 4 of subsection (p) of section 3221 of the insur-
ance  law,  as  added  by chapter 661 of the laws of 1997, is amended to
read as follows:
  (4) At the time of coverage renewal, an insurer may modify the  health
insurance  coverage  for a group or blanket policy offered to a large or
small group policyholder so long as such modification is consistent with
this chapter and effective on a uniform  basis  among  all  small  group
policyholders  with  that  policy  form;  PROVIDED, HOWEVER, THE INSURER
SHALL PROVIDE WRITTEN NOTICE TO ALL POLICYHOLDERS TO WHICH THE  MODIFIED
POLICY  SHALL  BE  OFFERED  OF ANY CHANGE IN PREMIUM RATES NOT LESS THAN
SIXTY, BUT NOT MORE THAN ONE HUNDRED TWENTY, DAYS PRIOR TO THE EFFECTIVE
DATE OF SUCH RATES.
  S 2. This act shall take effect the first of January  next  succeeding
the date on which it shall have become a law.



 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00224-02-4

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