Assembly Bill A10746

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10746
 
                           I N  A S S E M B L Y
 
                              March 27, 2026
                                ___________
 
 Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
   tee on Insurance
 
 AN  ACT  to amend the insurance law, in relation to notifying an insured
   of a rate filing increase for long term care
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:

   Section  1.  Subparagraph  (O)  of  paragraph  6  of subsection (b) of
 section 1117 of the insurance law, as added by chapter 655 of  the  laws
 of  2023,  is  amended  and a new subparagraph (O-1) is added to read as
 follows:
   (O) A statement that if the authorized  insurer,  corporation,  health
 maintenance  organization or fraternal benefit society seeks to increase
 the premium rate, the department will post notice of the rate filing  on
 its website prior to any determination by the department; [and]
   (O-1)  A STATEMENT THAT IF THE AUTHORIZED INSURER, CORPORATION, HEALTH
 MAINTENANCE ORGANIZATION OR FRATERNAL BENEFIT SOCIETY SEEKS TO  INCREASE
 THE  PREMIUM RATE, SUCH AUTHORIZED  INSURER, CORPORATION, HEALTH MAINTE-
 NANCE ORGANIZATION OR FRATERNAL BENEFIT SOCIETY WILL  SEND  NOTIFICATION
 OF  THE  RATE FILING  TO THE INSURED AT THE TIME OF THE RATE FILING WITH
 THE DEPARTMENT, TOGETHER  WITH  CLEAR  INSTRUCTIONS  ON  HOW  TO  SUBMIT
 COMMENTS  ON  THE  RATE FILING OR APPLICATION REGARDING PREMIUM RATES TO
 THE DEPARTMENT, THROUGH THE DEPARTMENT'S WEBSITE,  BY  MAIL,  AND/OR  BY
 OTHER MEANS; AND
   §  2. Subsection (i) of section 1117 of the insurance law, as added by
 chapter 655 of the laws of 2023, is amended to read as follows:
   (i) Whenever an authorized insurer,  corporation,  health  maintenance
 organization  or  fraternal  benefit  society  submits  a rate filing or
 application to the superintendent to increase or decrease premium  rates
 for  any  policy or certificate subject to this section, SUCH AUTHORIZED
 INSURER, CORPORATION, HEALTH MAINTENANCE ORGANIZATION OR FRATERNAL BENE-
 FIT SOCIETY SHALL ALSO SEND NOTIFICATION OF THE RATE FILING OR  APPLICA-
 TION  TO  THE  POLICY  HOLDER TOGETHER WITH CLEAR INSTRUCTIONS ON HOW TO
 SUBMIT COMMENTS ON THE RATE  FILING  OR  APPLICATION  REGARDING  PREMIUM
 RATES  TO  THE  DEPARTMENT,  THROUGH  THE DEPARTMENT'S WEBSITE, BY MAIL,
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
              

                                                            LBD14991-01-6
 A. 10746                            2
 
 AND/OR BY OTHER MEANS; AND the superintendent shall post a public notice
 of the rate filing or application on  the  department's  website  within
 fourteen  days.  The  superintendent shall provide for a process for the
 public  to provide comments on such rate filing or application electron-
 ically or in writing for a period  of  thirty  days  after  such  public
 notice is posted on the department's website.
   § 3. This act shall take effect immediately.