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 |
Senate Bill S6960
Signed By Governor2013-2014 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - Signed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
Votes
2013-S6960 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A9208
- Law Section:
- Insurance Law
- Laws Affected:
- Amd ยงยง3216, 3221, 4304 & 4305, Ins L
2013-S6960 (ACTIVE) - Sponsor Memo
BILL NUMBER:S6960 REVISED MEMO 05/06/2014 TITLE OF BILL: 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 PURPOSE: The purpose of this bill is to grant authority to the Superintendent of Financial Services to allow an insurer to use an affiliate company to meet certain obligations of the insurer. SUMMARY OF PROVISIONS: This legislation would allow the Superintendent of the Department of Financial Services to, upon consideration of the public interest, approve requests made by health insurers to satisfy the requirements that they issue replacement coverage in the case of a class discontinuance of individual coverage and issue individual conversion coverage through another entity within the insurer's holding company system. JUSTIFICATION: This bill would provide health insurers with greater flexibility when offering policies while still ensuring that consumers are able to
2013-S6960 (ACTIVE) - 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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