senate Bill S5928A

Signed By Governor
2015-2016 Legislative Session

Relates to catastrophic or reinsurance coverage issued to certain small groups

download bill text pdf

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

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 28, 2015 approval memo.42
signed chap.588
Dec 16, 2015 delivered to governor
Jun 18, 2015 returned to senate
passed assembly
ordered to third reading rules cal.595
substituted for a8134a
Jun 17, 2015 referred to insurance
delivered to assembly
passed senate
ordered to third reading cal.1751
Jun 14, 2015 print number 5928a
Jun 14, 2015 amend (t) and recommit to rules
Jun 12, 2015 referred to rules

S5928 - Details

See Assembly Version of this Bill:
A8134
Law Section:
Insurance Law
Laws Affected:
Amd §§3231 & 4317, Ins L

S5928 - Summary

Relates to catastrophic or reinsurance coverage issued to certain small groups covering between fifty-one and one hundred employees or members of the group.

S5928 - Sponsor Memo

S5928 - Bill Text download pdf

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

                                  5928

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 12, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be committed to the Committee on Rules

AN ACT to amend the insurance law, in relation to catastrophic or  rein-
  surance coverage issued to certain small groups

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

  Section 1. Paragraph 1 of subsection (h) of section 3231 of the insur-
ance law, as added by chapter 501 of the laws of  1992,  is  amended  to
read as follows:
  (1)  Notwithstanding  any other provision of this chapter, no insurer,
subsidiary of an insurer, or controlled  person  of  a  holding  company
system may act as an administrator or claims paying agent, as opposed to
an  insurer,  on  behalf of small groups which, if they purchased insur-
ance, would be subject to this section. No  insurer,  subsidiary  of  an
insurer,  or  controlled  person  of  a holding company may provide stop
loss, catastrophic or reinsurance coverage to  small  groups  which,  if
they  purchased  insurance, would be subject to this section.  PROVIDED,
HOWEVER, THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO STOP  LOSS,
CATASTROPHIC  OR  REINSURANCE COVERAGE ISSUED AND IN EFFECT ON OR BEFORE
JANUARY FIRST, TWO THOUSAND FIFTEEN TO  SMALL  GROUPS  COVERING  BETWEEN
FIFTY-ONE AND ONE HUNDRED EMPLOYEES OR MEMBERS OF THE GROUP.
  S  2.  Paragraph  1 of subsection (e) of section 4317 of the insurance
law, as amended by section 72 of part D of chapter 56  of  the  laws  of
2013, is amended to read as follows:
  (1)  Notwithstanding  any other provision of this chapter, no insurer,
subsidiary of an insurer, or controlled  person  of  a  holding  company
system may act as an administrator or claims paying agent, as opposed to
an  insurer,  on  behalf of small groups which, if they purchased insur-
ance, would be subject to this section. No  insurer,  subsidiary  of  an
insurer,  or  controlled  person  of  a holding company may provide stop
loss, catastrophic or reinsurance coverage to  small  groups  which,  if

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11569-02-5

S5928A (ACTIVE) - Details

See Assembly Version of this Bill:
A8134
Law Section:
Insurance Law
Laws Affected:
Amd §§3231 & 4317, Ins L

S5928A (ACTIVE) - Summary

Relates to catastrophic or reinsurance coverage issued to certain small groups covering between fifty-one and one hundred employees or members of the group.

S5928A (ACTIVE) - Bill Text download pdf

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

                                 5928--A

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 12, 2015
                               ___________

Introduced  by  Sen.  SEWARD -- read twice and ordered printed, and when
  printed to be  committed  to  the  Committee  on  Rules  --  committee
  discharged, bill amended, ordered reprinted as amended and recommitted
  to said committee

AN  ACT to amend the insurance law, in relation to catastrophic or rein-
  surance coverage issued to certain small groups; and providing for the
  repeal of such provisions upon the expiration thereof

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

  Section 1. Paragraph 1 of subsection (h) of section 3231 of the insur-
ance  law,  as  added  by chapter 501 of the laws of 1992, is amended to
read as follows:
  (1) Notwithstanding any other provision of this chapter,  no  insurer,
subsidiary  of  an  insurer,  or  controlled person of a holding company
system may act as an administrator or claims paying agent, as opposed to
an insurer, on behalf of small groups which, if  they  purchased  insur-
ance,  would  be  subject  to this section. No insurer, subsidiary of an
insurer, or controlled person of a  holding  company  may  provide  stop
loss,  catastrophic  or  reinsurance  coverage to small groups which, if
they purchased insurance, would be subject to this section.    PROVIDED,
HOWEVER,  THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO STOP LOSS,
CATASTROPHIC OR REINSURANCE COVERAGE ISSUED AND IN EFFECT ON  OR  BEFORE
JUNE  FIRST,  TWO  THOUSAND  FIFTEEN  TO  SMALL  GROUPS COVERING BETWEEN
FIFTY-ONE AND ONE HUNDRED EMPLOYEES OR MEMBERS OF THE GROUP.
  S 2. Paragraph 1 of subsection (e) of section 4317  of  the  insurance
law,  as  amended  by  section 72 of part D of chapter 56 of the laws of
2013, is amended to read as follows:
  (1) Notwithstanding any other provision of this chapter,  no  insurer,
subsidiary  of  an  insurer,  or  controlled person of a holding company
system may act as an administrator or claims paying agent, as opposed to
an insurer, on behalf of small groups which, if  they  purchased  insur-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11569-11-5

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