S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3123
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced  by  M.  of A. COOK -- Multi-Sponsored by -- M. of A. COLTON,
   GALEF, GOTTFRIED, GUNTHER -- read once and referred to  the  Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to the renewal of health
   insurance policies for long term care

   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraphs 5 and 6 of subsection (b) of section 1117 of the
 insurance law are renumbered paragraphs 6 and 7 and a new paragraph 5 is
 added to read as follows:
   (5)  THE  PLAN'S  PROVISIONS,  AND ANY CONTRACTS OR POLICIES ISSUED IN
 CONNECTION WITH A PLAN, PROVIDE  THAT  ANY  CONTRACT  OR  POLICY  ISSUED
 SHALL,  AT  THE OPTION OF THE INSURED, BE RENEWABLE EACH YEAR UNLESS THE
 INSURED FAILS TO PAY THE PREMIUMS DUE FOR SUCH RENEWAL, IN  WHICH  EVENT
 THE INSURER MAY CANCEL SUCH CONTRACT OR POLICY;
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07790-01-1