Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 03, 2018 |
referred to insurance returned to senate died in assembly |
Jun 21, 2017 |
referred to insurance delivered to assembly passed senate |
Jun 12, 2017 |
ordered to third reading cal.1576 |
Jun 07, 2017 |
referred to rules |
Senate Bill S6624
2017-2018 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- 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
2017-S6624 (ACTIVE) - Details
2017-S6624 (ACTIVE) - Sponsor Memo
BILL NUMBER: S6624 TITLE OF BILL : An act to amend the insurance law, in relation to rating of individual and small group health insurance policies PURPOSE : To amend the insurance law, relating to the health insurance premium rate setting process currently used by the Department of Financial Services ("DFS") SUMMARY OF PROVISIONS : Sections 1 and 2 of the bill amend sections 3231 and 4308 of the insurance law to allow health plans to use the "file and use" methodology for any adjustments to a health insurance rate filing or application for commercial community rated products. New insurance products will continue to need approval from DFS through the "prior approval" process. Section 3 is the effective date. JUSTIFICATION :
2017-S6624 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 6624 2017-2018 Regular Sessions I N S E N A T E June 7, 2017 ___________ 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 rating of individual and small group health insurance policies THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subparagraph (A) of paragraph 1 of subdivision (e) of section 3231 of the insurance law, as amended by chapter 107 of the laws of 2010 and as further amended by section 104 of part A of chapter 62 of the laws of 2011, is amended to read as follows: (A) An insurer desiring to increase or decrease premiums for any poli- cy form subject to this section shall submit a rate filing or applica- tion to the superintendent. An insurer shall send written notice of the proposed rate adjustment, [including the specific change requested,] to each policy holder and certificate holder affected by the adjustment on or before the date the rate filing or application is submitted to the superintendent. The notice shall prominently include mailing and website addresses for both the department of financial services and the insurer through which a person may, within thirty days from the date the rate filing or applica- tion is submitted to the superintendent, contact the department of financial services or insurer to receive additional information or to submit written comments to the department of financial services on the rate filing or application. The superintendent shall establish a process to post on the department's website, in a timely manner, all relevant written comments received pertaining to rate filings or applications. The insurer shall provide a copy of the notice to the superintendent with the rate filing or application. The superintendent shall immediate- ly cause the notice to be posted on the department of financial services' website. The superintendent shall determine whether the filing or application shall become effective as filed, shall become effective EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted.
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