NY State Senate Bill 2025-S9517

Current Bill Status - In Senate Committee Insurance 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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Date of Action	Assembly Actions - Lowercase Senate Actions - UPPERCASE
Mar 19, 2026	referred to insurance

2025-S9517 (ACTIVE) - Details

See Assembly Version of this Bill:: A10746
Current Committee:: Senate Insurance
Law Section:: Insurance Law
Laws Affected:: Amd §1117, Ins L

2025-S9517 (ACTIVE) - Summary

Relates to notifying an insured of a rate filing increase for long term care; provides such notification shall include instructions on how to submit comments on such rate filing.

2025-S9517 (ACTIVE) - Sponsor Memo

                                 
BILL NUMBER: S9517

SPONSOR: MAYER
 
TITLE OF BILL:

An act to amend the insurance law, in relation to notifying an insured
of a rate filing increase for long term care

 
PURPOSE OF BILL:

To ensure that long term care insurance policy holders are timely noti-
fied by their insurance provider when that provider seeks to increase
premium rates, by requiring the provider to send notification of the
rate filing to the insured at the time of the filing, together with
instructions on how to submit comments on the rate filing to the Depart-
ment of Financial Services, and also to ensure that prospective policy-
holders are informed of this requirement.

 
SUMMARY OF SPECIFIC PROVISIONS:

Section 1 amends paragraph 6 of subsection b of section 1117 of the
insurance law to add a new subparagraph 0-1 requiring long term care

insurance providers to provide prospective insureds with a statement
that if the provider seeks to increase premium rates, the provider will
send notification of the rate filing to the insured, along with
instructions on how to submit comments to the Department of Financial
Services.

Section 2 amends subsection i of section 1117 of the insurance law to
require long term care insurance providers to send notification of the
rate filing to the policy holder at the time of the filing, together
with clear instructions on how to submit comments on the rate filing to
the Department of Financial Services.

Section 3 provides the effective date.

 
JUSTIFICATION:

Chapter 655 of the laws of 2023 amended section 1117 of the insurance
law to require that certain notices be posted and provided regarding
long term care insurance policy changes. Among other provisions, the
2023 law required that the Superintendent of Financial Services post
notice of rate filings submitted by long term care insurance carriers on
the Department of Financial Service's website within fourteen days of
the rate filing. The law also amended section 1117 to require that the
insurance carrier provide notice of approval, disapproval, or modifica-
tion of the rate filing to the policy holder no later than ninety days
prior to the effective date of a premium rate increase.

Although notice of rate filings are posted on the Department's website,
it is often not until a rate increase is approved and notice of the
increase is sent by the carrier to the policy holder that the policy
holder becomes aware of the rate increase application, by which time it
is too late to weigh in with the Department.

This bill would ensure that policyholders are made aware of any rate
increase application with sufficient time to provide comments to the
Department of Financial Service before any rate increase is approved.

 
PRIOR LEGISLATIVE HISTORY:

New bill

 
FISCAL IMPLICATIONS:

None to the state

 
EFFECTIVE DATE:
This act shall take effect immediately.

2025-S9517 (ACTIVE) - Bill Text download pdf

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   9517
 
                             I N  S E N A T E
 
                              March 19, 2026
                                ___________
 
 Introduced  by  Sen.  MAYER  -- read twice and ordered printed, and when
   printed to be committed to the Committee 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
 S. 9517                             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.

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Senate Bill S9517

Sponsored By

Current Bill Status - In Senate Committee Insurance Committee

Actions

2025-S9517 (ACTIVE) - Details

2025-S9517 (ACTIVE) - Summary

2025-S9517 (ACTIVE) - Sponsor Memo

2025-S9517 (ACTIVE) - Bill Text download pdf

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Sponsored By

Shelley B. Mayer

Current Bill Status - In Senate Committee Insurance Committee

Actions

2025-S9517 (ACTIVE) - Details

2025-S9517 (ACTIVE) - Summary

2025-S9517 (ACTIVE) - Sponsor Memo

2025-S9517 (ACTIVE) - Bill Text download pdf

Comments