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Who cares
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Sponsors
No co-sponsors yet.
History
- Referred to insurance
- Delivered to assembly
- Passed senateVote 61–0
- Ordered to third reading cal.1422
- Referred to rules
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
Relates to notice to proposed rate adjustments for individual and small group health insurance policies
In Assembly Committee · Insurance · Sponsor Joseph Morelle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S8374
Title of bill
An act to amend the insurance law, in relation to premiums for individual and small group health insurance policies
Purpose
Relates to notice requirements for proposed rate adjustments.
Summary of provisions
An insurer desiring to increase premium rates must send a written notice of the proposed rate adjustment to insureds on or before the date the rate filing or application is submitted to the superintendent of insurance. This bill amends the insurance law to provide that the insurer must send notice only to the policyholder. The bill also clarifies that the insurer may specify the change requested as either a percentage or a dollar amount.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.