Senate Bill S5338

2017-2018 Legislative Session

Relates to schedule rating plans reflecting individual risk characteristics of an employer

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2017-S5338 (ACTIVE) - Details

Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2347, Ins L
Versions Introduced in 2019-2020 Legislative Session:
S1377

2017-S5338 (ACTIVE) - Summary

Relates to schedule rating plans reflecting individual risk characteristics of an employer.

2017-S5338 (ACTIVE) - Sponsor Memo

2017-S5338 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   5338
 
                        2017-2018 Regular Sessions
 
                             I N  S E N A T E
 
                              March 22, 2017
                                ___________
 
 Introduced by Sens. FUNKE, MURPHY -- read twice and ordered printed, and
   when printed to be committed to the Committee on Insurance
 
 AN  ACT to amend the insurance law, in relation to schedule rating plans
   reflecting individual risk characteristics of an employer
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.  Section  2347 of the insurance law is amended by adding a
 new subsection (f) to read as follows:
   (F) SUBJECT TO APPROVAL BY THE DEPARTMENT, AN INSURER MAY MAKE  AVAIL-
 ABLE  A  SCHEDULE RATING PLAN REFLECTING INDIVIDUAL RISK CHARACTERISTICS
 OF AN EMPLOYER. THE MAXIMUM RATING MODIFICATION PURSUANT  TO  SUCH  PLAN
 OFFERED  IN ACCORDANCE WITH THIS SUBDIVISION SHALL BE LIMITED TO PLUS OR
 MINUS TWENTY-FIVE PERCENT.  ANY SUCH RATING MODIFICATION IS EXCLUSIVE OF
 CREDITS OR DEBITS AUTHORIZED UNDER SECTION ONE  HUNDRED  THIRTY-FOUR  OF
 THE WORKERS' COMPENSATION LAW. THE RATING MODIFICATION IS FURTHER EXCLU-
 SIVE OF ALL PRICING MECHANISMS, INCLUDING EXPERIENCE AND MERIT RATING. A
 SCHEDULE  RATING  PLAN  MADE AVAILABLE PURSUANT TO THIS SUBSECTION SHALL
 NOT BE INCLUDED IN ANY GENERAL RATE CHANGE MADE PURSUANT  TO  SUBSECTION
 (A) OF THIS SECTION.
   § 2. This act shall take effect immediately.
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD10751-01-7

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.