Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Dec 28, 2015 |
approval memo.42 signed chap.588 |
Dec 16, 2015 |
delivered to governor |
Jun 18, 2015 |
returned to senate passed assembly ordered to third reading rules cal.595 substituted for a8134a |
Jun 17, 2015 |
referred to insurance delivered to assembly passed senate ordered to third reading cal.1751 |
Jun 14, 2015 |
print number 5928a |
Jun 14, 2015 |
amend (t) and recommit to rules |
Jun 12, 2015 |
referred to rules |
Senate Bill S5928A
Signed By Governor2015-2016 Legislative Session
Sponsored By
(R, C, IP, RFM) Senate District
Archive: Last Bill Status - 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
Actions
Votes
Bill Amendments
2015-S5928 - Details
- See Assembly Version of this Bill:
- A8134
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§3231 & 4317, Ins L
2015-S5928 - Sponsor Memo
BILL NUMBER:S5928 TITLE OF BILL: An act to amend the insurance law, in relation to catastrophic or reinsurance coverage issued to certain small groups PURPOSE: The purpose of this bill is to allow certain municipal and school cooperative associations to remain cohesive and to allow stop loss, catastrophic and reinsurance coverages to remain in effect for certain small groups. SUMMARY OF PROVISIONS: Sections 1 and 2 of this bill would allow for the continuation of stop loss, catastrophic or reinsurance coverages which were in effect on January 1st, 2015, despite a general prohibition which would prevent insurers from selling this kind of coverage to groups with between 51 and 100 employees or members as of January 19, 2016. Sections 3 and 4 of this bill would allow municipal corporations and schools which are currently members of municipal cooperative associations organized pursuant to article five-G of the general municipal law to continue as members of such cooperatives without applying insurance provisions applicable to small groups to the larger cooperative, which consists of both small and large group municipal
2015-S5928 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5928 2015-2016 Regular Sessions I N S E N A T E June 12, 2015 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Rules AN ACT to amend the insurance law, in relation to catastrophic or rein- surance coverage issued to certain small groups THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (h) of section 3231 of the insur- ance law, as added by chapter 501 of the laws of 1992, is amended to read as follows: (1) Notwithstanding any other provision of this chapter, no insurer, subsidiary of an insurer, or controlled person of a holding company system may act as an administrator or claims paying agent, as opposed to an insurer, on behalf of small groups which, if they purchased insur- ance, would be subject to this section. No insurer, subsidiary of an insurer, or controlled person of a holding company may provide stop loss, catastrophic or reinsurance coverage to small groups which, if they purchased insurance, would be subject to this section. PROVIDED, HOWEVER, THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO STOP LOSS, CATASTROPHIC OR REINSURANCE COVERAGE ISSUED AND IN EFFECT ON OR BEFORE JANUARY FIRST, TWO THOUSAND FIFTEEN TO SMALL GROUPS COVERING BETWEEN FIFTY-ONE AND ONE HUNDRED EMPLOYEES OR MEMBERS OF THE GROUP. S 2. Paragraph 1 of subsection (e) of section 4317 of the insurance law, as amended by section 72 of part D of chapter 56 of the laws of 2013, is amended to read as follows: (1) Notwithstanding any other provision of this chapter, no insurer, subsidiary of an insurer, or controlled person of a holding company system may act as an administrator or claims paying agent, as opposed to an insurer, on behalf of small groups which, if they purchased insur- ance, would be subject to this section. No insurer, subsidiary of an insurer, or controlled person of a holding company may provide stop loss, catastrophic or reinsurance coverage to small groups which, if EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11569-02-5
2015-S5928A (ACTIVE) - Details
- See Assembly Version of this Bill:
- A8134
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §§3231 & 4317, Ins L
2015-S5928A (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 5928--A 2015-2016 Regular Sessions I N S E N A T E June 12, 2015 ___________ Introduced by Sen. SEWARD -- read twice and ordered printed, and when printed to be committed to the Committee on Rules -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee AN ACT to amend the insurance law, in relation to catastrophic or rein- surance coverage issued to certain small groups; and providing for the repeal of such provisions upon the expiration thereof THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Paragraph 1 of subsection (h) of section 3231 of the insur- ance law, as added by chapter 501 of the laws of 1992, is amended to read as follows: (1) Notwithstanding any other provision of this chapter, no insurer, subsidiary of an insurer, or controlled person of a holding company system may act as an administrator or claims paying agent, as opposed to an insurer, on behalf of small groups which, if they purchased insur- ance, would be subject to this section. No insurer, subsidiary of an insurer, or controlled person of a holding company may provide stop loss, catastrophic or reinsurance coverage to small groups which, if they purchased insurance, would be subject to this section. PROVIDED, HOWEVER, THE PROVISIONS OF THIS PARAGRAPH SHALL NOT APPLY TO STOP LOSS, CATASTROPHIC OR REINSURANCE COVERAGE ISSUED AND IN EFFECT ON OR BEFORE JUNE FIRST, TWO THOUSAND FIFTEEN TO SMALL GROUPS COVERING BETWEEN FIFTY-ONE AND ONE HUNDRED EMPLOYEES OR MEMBERS OF THE GROUP. S 2. Paragraph 1 of subsection (e) of section 4317 of the insurance law, as amended by section 72 of part D of chapter 56 of the laws of 2013, is amended to read as follows: (1) Notwithstanding any other provision of this chapter, no insurer, subsidiary of an insurer, or controlled person of a holding company system may act as an administrator or claims paying agent, as opposed to an insurer, on behalf of small groups which, if they purchased insur- EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD11569-11-5
Comments
Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.
Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.
Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.