senate Bill S6004

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 (12)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Dec 28, 2015 approval memo.43
signed chap.589
Dec 16, 2015 delivered to governor
Jun 25, 2015 returned to senate
passed assembly
ordered to third reading rules cal.747
substituted for a8300
referred to ways and means
delivered to assembly
passed senate
ordered to third reading cal.1908
Jun 19, 2015 referred to rules

S6004 (ACTIVE) - Details

See Assembly Version of this Bill:
A8300
Law Section:
Insurance Law
Laws Affected:
Amd §§3231 & 4317, Ins L; amd §5, Chap of 2015 (as proposed in S.5928-A and A.8134-A)

S6004 (ACTIVE) - Summary

Relates to catastrophic or reinsurance coverage issued to certain small groups.

S6004 (ACTIVE) - Sponsor Memo

S6004 (ACTIVE) - Bill Text download pdf

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

                                  6004

                       2015-2016 Regular Sessions

                            I N  S E N A T E

                              June 19, 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; and to amend a chap-
  ter of the laws  of  2015  amending  the  insurance  law  relating  to
  catastrophic  or  reinsurance coverage issued to certain small groups,
  as proposed in legislative bills numbers S. 5928-A and A.  8134-A,  in
  relation  to  the  effectiveness  of  such chapter; and in relation to
  directing the superintendent of financial services to contract with an
  independent entity to conduct an assessment regarding  the  impact  of
  the prohibition on the sale of stop loss, catastrophic and reinsurance
  coverage to the small group market

  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 amended by a chapter of  the  laws  of  2015  amending  the
insurance law relating to catastrophic or reinsurance coverage issued to
certain small groups, as proposed in legislative bills numbers S. 5928-A
and A. 8134-A, 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] JANUARY first, two thousand  fifteen  to  small  groups  covering
between fifty-one and one hundred employees or members of the group.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD11569-13-5

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