S T A T E O F N E W Y O R K
________________________________________________________________________
10746--A
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 -- committee discharged, bill amended, ordered
reprinted as amended and recommitted to said committee
AN ACT to amend the insurance law, in relation to notifying an insured
of a rate filing increase or decrease 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
OR DECREASE 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
OR DECREASE THE PREMIUM RATE, SUCH AUTHORIZED INSURER, CORPORATION,
HEALTH MAINTENANCE 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
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14991-03-6
A. 10746--A 2
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 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. Subsections (k) and (l) of section 1117 of the insurance law, as
added by chapter 655 of the laws of 2023, are amended to read as
follows:
(k) Upon receipt by an authorized insurer, corporation, health mainte-
nance organization or fraternal benefit society covered by the
provisions of this section of an approval or modification decision by
the superintendent with respect to a rate filing application with the
department, such authorized insurer, corporation, health maintenance
organization or fraternal benefit society shall notify policyholders and
certificate holders of such decision no later than ninety days prior to
the effective date of the premium rate increase OR DECREASE. Such
notification shall include:
(1) a description of such decision; and
(2) a written statement conforming to the requirements set forth in
subparagraph (G) of paragraph six of subsection (b) of this section.
(l) The provisions set forth in subparagraphs (G), (H), (I), (J), (K),
(L), (M), (N), (O), (O-1), and (P) of paragraph six of subsection (b) of
this section shall not apply to policies or certificates that are exempt
from premium rate increases OR DECREASES.
§ 4. This act shall take effect immediately.