Assembly Bill A9208

Signed By Governor
2013-2014 Legislative Session

Allows for the use of an affiliate company to meet certain obligations of an insurer

download bill text pdf

Sponsored By

Archive: Last Bill Status Via S6960 - Signed by Governor


  • 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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2013-A9208 (ACTIVE) - Details

See Senate Version of this Bill:
S6960
Law Section:
Insurance Law
Laws Affected:
Amd ยงยง3216, 3221, 4304 & 4305, Ins L

2013-A9208 (ACTIVE) - Summary

Allows for the use of an affiliate company to meet certain obligations of an insurer, including issuing replacement coverage in the case of a class discontinuance of individual coverage and issuing individual conversion coverage.

2013-A9208 (ACTIVE) - Bill Text download pdf

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  9208

                          I N  A S S E M B L Y

                             March 31, 2014
                               ___________

Introduced by M. of A. CAHILL -- read once and referred to the Committee
  on Insurance

AN  ACT  to amend the insurance law, in relation to allowing for the use
  of an affiliate company to meet certain obligations of an insurer

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Subparagraph  (A)  of  paragraph  5  of subsection (c) of
section 3216 of the insurance law, as amended by section 46-b of part  D
of chapter 56 of the laws of 2013, is amended to read as follows:
  (A) Any family policy providing hospital or surgical expense insurance
(but  not including such insurance against accidental injury only) shall
provide that, in the event such insurance on any person, other than  the
policyholder,  is  terminated because the person is no longer within the
definition of the family as set forth in  the  policy  but  before  such
person  has  attained  the  limiting age, if any, for coverage of adults
specified in the policy, such person shall be entitled to have issued to
that person by the  insurer,  without  evidence  of  insurability,  upon
application therefor and payment of the first premium, within sixty days
after  such  insurance  shall  have terminated, an individual conversion
policy  that  contains  the  benefits  described  in  paragraph  one  of
subsection  (b)  of  section four thousand three hundred twenty-eight of
this chapter. The insurer shall offer one policy at each level of cover-
age as defined in section 1302(d) of the affordable care act, 42  U.S.C.
S  18022(d).  The  individual  may choose any such policy offered by the
insurer.  PROVIDED, HOWEVER, THE SUPERINTENDENT MAY,  AFTER  GIVING  DUE
CONSIDERATION  TO  THE  PUBLIC  INTEREST,  APPROVE  A REQUEST MADE BY AN
INSURER FOR THE INSURER TO SATISFY THE REQUIREMENTS OF THIS SUBPARAGRAPH
THROUGH THE OFFERING OF POLICIES THAT COMPLY WITH THIS  SUBPARAGRAPH  BY
ANOTHER  INSURER,  CORPORATION OR HEALTH MAINTENANCE ORGANIZATION WITHIN
THE INSURER'S HOLDING COMPANY SYSTEM, AS DEFINED IN ARTICLE  FIFTEEN  OF
THIS  CHAPTER.  The  conversion  privilege afforded herein shall also be
available upon the divorce or annulment of the marriage of  the  policy-
holder to the former spouse of such policyholder.

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD14588-01-4
              

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