senate Bill S6960

Signed By Governor
2013-2014 Legislative Session

Allows for the use of an affiliate company to meet certain obligations of an insurer

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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

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Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Sep 23, 2014 signed chap.388
Sep 11, 2014 delivered to governor
Jun 17, 2014 returned to senate
passed assembly
ordered to third reading cal.584
substituted for a9208
May 21, 2014 referred to insurance
delivered to assembly
passed senate
May 07, 2014 advanced to third reading
May 06, 2014 2nd report cal.
May 05, 2014 1st report cal.493
Apr 09, 2014 referred to insurance

Votes

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S6960 - Details

See Assembly Version of this Bill:
A9208
Law Section:
Insurance Law
Laws Affected:
Amd ยงยง3216, 3221, 4304 & 4305, Ins L

S6960 - Summary

Allows for the use of an affiliate company to meet certain obligations of an insurer, including issuing replacement coverage in the case of a class discontinuance of individual coverage and issuing individual conversion coverage.

S6960 - Sponsor Memo

S6960 - Bill Text download pdf

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

                                  6960

                            I N  S E N A T E

                              April 9, 2014
                               ___________

Introduced  by  Sen.  SEWARD -- 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 allowing for  the  use
  of an affiliate company to meet certain obligations of an insurer

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

  Section 1. Subparagraph (A)  of  paragraph  5  of  subsection  (c)  of
section  3216 of the insurance law, as amended by section 46-b of part D
of chapter 56 of the laws of 2013, is amended to read as follows:
  (A) Any family policy providing hospital or surgical expense insurance
(but not including such insurance against accidental injury only)  shall
provide  that, in the event such insurance on any person, other than the
policyholder, is terminated because the person is no longer  within  the
definition  of  the  family  as  set forth in the policy but before such
person has attained the limiting age, if any,  for  coverage  of  adults
specified in the policy, such person shall be entitled to have issued to
that  person  by  the  insurer,  without  evidence of insurability, upon
application therefor and payment of the first premium, within sixty days
after such insurance shall have  terminated,  an  individual  conversion
policy  that  contains  the  benefits  described  in  paragraph  one  of
subsection (b) of section four thousand three  hundred  twenty-eight  of
this chapter. The insurer shall offer one policy at each level of cover-
age  as defined in section 1302(d) of the affordable care act, 42 U.S.C.
S 18022(d). The individual may choose any such  policy  offered  by  the
insurer.    PROVIDED,  HOWEVER, THE SUPERINTENDENT MAY, AFTER GIVING DUE
CONSIDERATION TO THE PUBLIC INTEREST,  APPROVE  A  REQUEST  MADE  BY  AN
INSURER FOR THE INSURER TO SATISFY THE REQUIREMENTS OF THIS SUBPARAGRAPH
THROUGH  THE  OFFERING OF POLICIES THAT COMPLY WITH THIS SUBPARAGRAPH BY
ANOTHER INSURER, CORPORATION OR HEALTH MAINTENANCE  ORGANIZATION  WITHIN
THE  INSURER'S  HOLDING COMPANY SYSTEM, AS DEFINED IN ARTICLE FIFTEEN OF
THIS CHAPTER. The conversion privilege afforded  herein  shall  also  be
available  upon  the divorce or annulment of the marriage of the policy-
holder to the former spouse of such policyholder.
  S 2. Paragraph 2 of subsection (g) of section 3216  of  the  insurance
law is amended by adding a new subparagraph (E) to read as follows:
  (E)  THE  SUPERINTENDENT  MAY,  AFTER  GIVING DUE CONSIDERATION TO THE
PUBLIC INTEREST, APPROVE A REQUEST MADE BY AN INSURER FOR THE INSURER TO

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