Assembly Bill A6280

2023-2024 Legislative Session

Extends the free look period for senior citizens purchasing individual health insurance policies or contracts

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly 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

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2023-A6280 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §§3216 & 4306, Ins L

2023-A6280 (ACTIVE) - Summary

Extends the free look period for senior citizens purchasing individual health insurance policies or contracts.

2023-A6280 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   6280
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 3, 2023
                                ___________
 
 Introduced by M. of A. WEPRIN -- read once and referred to the Committee
   on Insurance
 
 AN  ACT to amend the insurance law, in relation to an extended free look
   period for senior  citizens  purchasing  individual  health  insurance
   policies or contracts
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Paragraph 10 of subsection  (c)  of  section  3216  of  the
 insurance  law,  as amended by section 31 of part B of chapter 58 of the
 laws of 2004, is amended to read as follows:
   (10) (A) There is prominently printed on the  first  page  thereof  or
 there is attached thereto a notice to the effect that during a specified
 period  of  time,  which  shall  not be less than ten days nor more than
 twenty days from the date the policy is delivered to  the  policyholder,
 it may be surrendered to the insurer together with a written request for
 cancellation of the policy and in such event the insurer will refund any
 premium  paid  therefor  including  any  policy  fees or other charges[,
 provided, however, that this paragraph shall not apply to single premium
 nonrenewable policies insuring  against  accidents  only  or  accidental
 bodily injuries only; provided, however, that].
   (B)  NOTWITHSTANDING  SUBPARAGRAPH (A) OF THIS PARAGRAPH, a [contract]
 POLICY or certificate sold by mail order [and]; a [contract]  POLICY  or
 certificate  providing  medicare  supplemental  insurance  COVERING  ANY
 INSURED UNDER AGE SIXTY-FIVE ON THE EFFECTIVE DATE  OF  COVERAGE;  or  A
 POLICY OR CERTIFICATE PROVIDING long-term care insurance [must] COVERING
 ANY INSURED UNDER AGE SIXTY-FIVE ON THE EFFECTIVE DATE OF COVERAGE SHALL
 contain a provision, OR SHALL HAVE ATTACHED THERETO A NOTICE, permitting
 the [contract] POLICY or certificate holder a thirty day period for such
 surrender AS DESCRIBED IN SUBPARAGRAPH (A) OF THIS PARAGRAPH.
   (C)  NOTWITHSTANDING SUBPARAGRAPH (A) OF THIS PARAGRAPH, A POLICY SOLD
 TO ANY INSURED WHO IS AGE SIXTY-FIVE OR OLDER ON THE EFFECTIVE  DATE  OF
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD09640-01-3
              

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