Senate Bill S7283

Signed By Governor
2017-2018 Legislative Session

Relates to conditional renewal notices to policyholders

download bill text pdf

Sponsored By

Archive: Last Bill Status - Signed by Governor

  • 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

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2017-S7283 (ACTIVE) - Details

See Assembly Version of this Bill:
A8932
Law Section:
Workers' Compensation Law
Laws Affected:
Amd §54, Work Comp L

2017-S7283 (ACTIVE) - Summary

Relates to conditional renewal notices to policyholders; provides that a contract of insurance shall remain in full force and effect subject to the same rates as the expiring contract of insurance rates; makes related provisions.

2017-S7283 (ACTIVE) - Sponsor Memo

2017-S7283 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7283
 
                             I N  S E N A T E
 
                              January 5, 2018
                                ___________
 
 Introduced  by  Sen.  ROBACH -- read twice and ordered printed, and when
   printed to be committed to the Committee on Rules
 
 AN ACT to amend the workers' compensation law,  in  relation  to  condi-
   tional renewal notices to policyholders
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section 1. Paragraph (b) of subdivision 5 of section 54 of  the  work-
 ers'  compensation  law, as added by chapter 469 of the laws of 2017, is
 amended to read as follows:
   (b) Conditional renewal FOR CARRIERS UNDER COMMON CONTROL. A  contract
 of  insurance  shall remain in full force and effect subject to the same
 [terms and conditions, loss cost multipliers and classification  of  the
 employer  with  regard to the payment of dividends, pursuant to sections
 four thousand one hundred six and four thousand one hundred fourteen  of
 the  insurance  law]  RATES AS THE EXPIRING CONTRACT OF INSURANCE RATES,
 unless written notice is mailed or delivered by the insurance carrier to
 the employer, at the address shown on the policy, and to such employer's
 authorized agent or broker, indicating the insurance carrier's intention
 to condition renewal upon issuance of a policy that supersedes a  policy
 previously issued by another insurance carrier under common control that
 will  result in an increased premium in excess of ten percent (exclusive
 of any premium increase generated as a result of  increased  loss  costs
 filed  and  approved  in  accordance  with subsection (e) of section two
 thousand three hundred five of the  insurance  law,  increased  exposure
 units, or as a result of experience rating, contractor credit adjustment
 program,  [drug  free  credit,  merit rating, managed care credit, large
 deductible, retrospective rating or audit] MERIT  RATING,  RETROSPECTIVE
 RATING  OR  AUDIT OR REMOVAL OR REDUCTION OF A DRUG FREE CREDIT, MANAGED
 CARE CREDIT, OR DEDUCTIBLE. Such notice shall be mailed or delivered  at
 least  thirty  days in advance of the expiration date of the policy, and
 shall set forth the amount of  the  premium  increase  (or,  where  such
 amount  cannot  reasonably  be  determined  as of the time the notice is
 provided DUE TO FAILURE OF THE POLICYHOLDER TO PROVIDE TO THE  INSURANCE
 CARRIER THE INFORMATION NECESSARY TO DETERMINE THE PREMIUM, a reasonable
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets

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