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Who cares
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Sponsors
2 Co-sponsors
History
- Signed chap.496
- Delivered to governor
- Returned to senate
- Passed assembly
- Ordered to third reading cal.507
- Substituted for A7382A
- Referred to insurance
- Returned to assembly
- Repassed senate
- Amended on third reading 2894a
- Vote reconsidered - restored to third reading
- Returned to senate
Show 12 earlier actions
- Recalled from assembly
- Recommitted to insurance
- Substitution reconsidered
- Ordered to third reading cal.507
- Substituted for A7382
- Referred to insurance
- Delivered to assembly
- Passed senateVote 60–0
- Advanced to third reading
- 2nd report cal.
- 1st report cal.355
- Referred to insurance
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.
Allows licensed insurance brokers and agents to develop, implement and administer wellness programs
Assembly Floor Calendar · Sponsor Kevin Cahill
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S2894A
Title of bill
An act to amend the insurance law, in relation to exceptions to the general prohibition on rebating
Purpose
To modernize the insurance law to allow licensed brokers and agents to develop, implement, and administer wellness programs.
Summary of provisions
This bill would allow insurance agents and brokers to, without charging a service fee or charging a reduced fee, develop, implement, and administer wellness programs, if such programs and services are provided in a fair and nondiscriminatory manner and are incidental to a policy sold by the agent or broker.
Justification
The fast-paced and competitive insurance marketplace continues to evolve, and insurance producers must change with it. Integral to this is the modernization of certain statutory restrictions that are old and outmoded. Chief amongst these are the anti-rebating and inducement laws that were originally designed to protect insurance producers and consumers alike from offering and accepting illegal inducements for the sale of insurance products. In today's health insurance market, licensed insurance brokers and agents must be able to offer wellness programs in order to attract business and close the sale.
With the recent issuance of federal rules giving employers greater leeway in how they manage programs that promote healthy behavior and reduce illness amongst employees, employer groups of all sizes are increasingly looking not only for traditional advice in selecting health plan benefits design and coverage options, underwriting to reduce claims losses, and claims servicing and policyholder advocacy, but are looking for programs and services that would improve the health of their employees.
Legislative history
S 4950 of 2011-12
Fiscal implications
None.
Effective date
This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.