S T A T E O F N E W Y O R K
________________________________________________________________________
7685
2025-2026 Regular Sessions
I N A S S E M B L Y
April 4, 2025
___________
Introduced by M. of A. COOK, LEVENBERG -- Multi-Sponsored by -- M. of A.
COLTON -- 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.
LBD08959-01-5
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