Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Nov 28, 2016 |
vetoed memo.281 |
Nov 16, 2016 |
delivered to governor |
Jun 16, 2016 |
returned to senate passed assembly ordered to third reading rules cal.480 substituted for a10711 |
Jun 07, 2016 |
referred to insurance delivered to assembly passed senate |
Jun 06, 2016 |
advanced to third reading |
Jun 02, 2016 |
2nd report cal. |
Jun 01, 2016 |
1st report cal.1286 |
Feb 24, 2016 |
referred to insurance |
Senate Bill S6802
Vetoed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - Vetoed by Governor
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Vetoed By Governor
- Signed By Governor
Actions
Votes
co-Sponsors
(R, C, IP) Senate District
(R) Senate District
(R, C, IP) Senate District
(R, C, IP) Senate District
2015-S6802 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A10711
- Law Section:
- Financial Services
2015-S6802 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6802 TITLE OF BILL : An act to direct the department of financial services to study and report upon the provision of long term care insurance coverage in this state PURPOSE : To review the long term care insurance market in this state. SUMMARY OF PROVISIONS : Section 1 directs the department of financial services to study the long term care insurance market in New York. Section 2 directs the superintendent to submit a report of the study's findings. Section 3 is the effective date. EXISTING LAW : Section 1117 of the Insurance Law.
2015-S6802 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6802 I N S E N A T E February 24, 2016 ___________ Introduced by Sens. SEWARD, HANNON, FARLEY, FUNKE, LARKIN, MARCELLINO, SERINO -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to direct the department of financial services to study and report upon the provision of long term care insurance coverage in this state THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. The department of financial services shall examine, evalu- ate, and make recommendations concerning the provision of long term care insurance coverage in this state, as authorized pursuant to section 1117 of the insurance law. In conducting its study, such department shall seek input from a representation of interested parties, such as policy- holders, insurance carriers, and caregivers. Such study shall specif- ically include, but not be limited to the following: (a) the present state of the long term care insurance market, with respect to the growing aging population and other demographic shifts as well as market participation by insurance carriers; (b) the impact of long term care coverage to public benefits such as Medicaid, care recipients and caregivers; (c) identifiable trends in life expectancy, policy claim and utiliza- tion rates, and policy lapse rates; (d) a review of the National Association of Insurance Commissioners (NAIC) activities as well as studies and reports prepared by the Ameri- can Academy of Actuaries and/or the Society of Actuaries regarding long term care insurance premium rates increases; (e) the actuarial assumptions and methodologies used by such depart- ment to ensure benefits are reasonable to premiums charged when approv- ing and adjusting premium for this product, at this product's inception and presently; (f) the impact of premium rates on the solvency of the plans offering this product; EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. S LBD13687-03-6
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.