Requires insurers which issue contracts providing long term care benefits to maintain records of policies cancelled during each year and requires that such records indicate which policies were cancelled due to, or within thirty days after, an increase in policy premiums due to increased premiums.
Sponsor: Cook (MS) / Multi-sponsor(s): Gottfried, Hooper, Towns / Co-sponsor(s): Gunther, Pheffer, Schroeder
Law Section: Insurance Law / Law: Amd S1117, Ins L
Sponsor: Cook (MS) / Multi-sponsor(s): Gottfried, Hooper, Towns / Co-sponsor(s): Gunther, Pheffer, Schroeder
Law Section: Insurance Law / Law: Amd S1117, Ins L
A6098-2011 Actions
- Jan 4, 2012: referred to insurance
- Mar 7, 2011: referred to insurance
A6098-2011 Text
S T A T E O F N E W Y O R K
6098 2011-2012 Regular Sessions I N ASSEMBLY March 7, 2011
Introduced by M. of A. COOK, GUNTHER, PHEFFER, SCHROEDER -- Multi-Spon sored by -- M. of A. GOTTFRIED, HOOPER, TOWNS -- read once and referred to the Committee on Insurance
AN ACT to amend the insurance law, in relation to health insurance plans for long term care
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM BLY, DO ENACT AS FOLLOWS:
Section 1.
Section 1117 of the insurance law is amended by adding a new subsection (h) to read as follows:
(H) ANY AUTHORIZED INSURER WHICH ISSUES CONTRACTS IN CONNECTION WITH PLANS PROVIDING BENEFITS FOR LONG TERM CARE PURSUANT TO THE PROVISIONS OF THIS SECTION SHALL PREPARE AND MAINTAIN RECORDS WHICH LIST THE NUMBER OF SUCH POLICIES CANCELLED DURING EACH YEAR. SUCH RECORDS SHALL ALSO INDICATE WHICH POLICIES WERE CANCELLED DUE TO, OR WITHIN THIRTY DAYS AFTER, AN INCREASE IN POLICY PREMIUMS.
S 2. This act shall take effect immediately. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD02433-01-1
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