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Assembly Bill A7182A

2015-2016 Legislative Session

Authorizes an insured to designate a third party to receive cancellation notification

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Archive: Last Bill Status - In Assembly Committee

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Bill Amendments

2015-A7182 - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§1117 & 3111, Ins L

2015-A7182 - Summary

Authorizes an insured to designate a third party to receive cancellation notification.

2015-A7182 - Bill Text download pdf

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

                                  7182

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 27, 2015
                               ___________

Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
  Committee on Insurance

AN ACT to amend the insurance law, in relation  to  the  designation  of
  third parties to receive notification of cancellation

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

  Section 1. Paragraph 6 of subsection (b) of section 1117 of the insur-
ance law, as added by chapter 572 of the laws of  2008,  is  amended  to
read as follows:
  (6)  prior  to the earlier of the execution of a policy or certificate
in connection with a plan providing a home care benefit and/or a nursing
home benefit, or the payment of any premium or fee  related  to  such  a
policy or certificate, the authorized insurer, corporation, health main-
tenance  organization  or  fraternal  benefit  society shall provide the
prospective insured or his  or  her  representative  with  a  disclosure
statement, which contains the following:
  (A)  The  maximum  daily  and  lifetime benefit levels, if applicable,
provided by the policy or certificate for home care services and nursing
home services;
  (B) The percentage of coverage provided for  home  care  services  and
nursing  home services, if applicable, and an explanation of the method-
ology on which the reasonable  charge  used  in  conjunction  with  such
percentage amount is based;
  (C)  A  description of any inflation protection feature included in or
available for purchase under the policy or  certificate  and  the  addi-
tional premium required to purchase such option or options;
  (D)  (i)  If  available  and accessible by the insurer or other entity
from the department of  health,  the  most  recently-published  average,
statewide  rate for care in a nursing home, as well as the average rates
for care in nursing homes for both the New  York  city-metropolitan  and
upstate regions of the state; or

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00936-01-5
              

2015-A7182A (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§1117 & 3111, Ins L

2015-A7182A (ACTIVE) - Summary

Authorizes an insured to designate a third party to receive cancellation notification.

2015-A7182A (ACTIVE) - Bill Text download pdf

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

                                 7182--A

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                             April 27, 2015
                               ___________

Introduced  by  M.  of  A.  CYMBROWITZ  -- read once and referred to the
  Committee on Insurance -- committee discharged, bill amended,  ordered
  reprinted as amended and recommitted to said committee

AN  ACT  to  amend  the insurance law, in relation to the designation of
  third parties to receive notification of cancellation

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

  Section 1. Paragraph 6 of subsection (b) of section 1117 of the insur-
ance  law,  as  added  by chapter 572 of the laws of 2008, is amended to
read as follows:
  (6) prior to the earlier of the execution of a policy  or  certificate
in connection with a plan providing a home care benefit and/or a nursing
home  benefit,  or  the  payment of any premium or fee related to such a
policy or certificate, the authorized insurer, corporation, health main-
tenance organization or fraternal  benefit  society  shall  provide  the
prospective  insured  or  his  or  her  representative with a disclosure
statement, which contains the following:
  (A) The maximum daily and  lifetime  benefit  levels,  if  applicable,
provided by the policy or certificate for home care services and nursing
home services;
  (B)  The  percentage  of  coverage provided for home care services and
nursing home services, if applicable, and an explanation of the  method-
ology  on  which  the  reasonable  charge  used in conjunction with such
percentage amount is based;
  (C) A description of any inflation protection feature included  in  or
available  for  purchase  under  the policy or certificate and the addi-
tional premium required to purchase such option or options;
  (D) (i) If available and accessible by the  insurer  or  other  entity
from  the  department  of  health,  the most recently-published average,
statewide rate for care in a nursing home, as well as the average  rates

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD00936-02-5

              

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