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Sponsors
Senator · Senate District 61
No co-sponsors yet.
History
- Print number 4290a
- Amend and recommit to insurance
- Referred to insurance
- 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.
Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes
In Assembly Committee · Insurance · Sponsor Stephen Hawley
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S4290A
Title of bill
An act to amend the insurance law, in relation to providing written notice of premium rate changes not less than sixty days prior to the effective date of such rate changes
Purpose or general idea of bill
Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes.
Summary of specific provisions
At the time of coverage renewal, an insurer may modify the health insur- ance coverage for a group or blanket policy offered to a large, or small group of policyholder so long as such modification is consistent with this chapter and effective on a uniform basis among all small group policyholders with that policy form.
Justification
This will assist policyholders and individuals with financial planning. It will also help with advance planning for employers who offer group health plans for their employees.
Prior legislative history
2013 - S .4290/A.331-A - INSURANCE/Insurance 2012 - S.7316/A.1247--INSURANCE/Insurance 2010 - A7186 -- Insurance
Fiscal implications
To be determined.
Effective date
This act shall take effect the first of January next succeeding the date on which it shall have become a law.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.