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Who cares
Headline styles
Sponsors
1 Co-sponsor
History
- Substituted by A9604
- Advanced to third reading
- 2nd report cal.
- 1st report cal.968
- 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.
Relates to funding for student health plans
Signed by Governor · Sponsor Joseph Morelle
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
BILL NUMBER:S7317
Title of bill
An act to amend the insurance law, in relation to funding for student health plans
Purpose
This legislation makes technical amendments to a statute authorizing certain universities to self-insure for the purposes of providing health insurance to currently enrolled students. These amendments will reduce the amount of time a university has to deposit required funds in case of insolvency. It also provides that this fund be accounted for separate and apart from all other assets, liabilities, income and expenses.
Summary of provisions
This bill makes technical amendments to chapter 246 of the laws of 2012 (S.7314- A/A.10577-A) to clarify the requirements of a university that establishes a self-insured student health plan. These amendments specify that funds to pay these claims shall be accounted for separately rather than be held in separate accounts. Additionally, a university will have five days to comply with the superintendent's order to deposit additional funds for this purpose instead of thirty days.
Justification
Sufficient funds to pay claims must be available in case of a bankruptcy. This legislation clarifies these requirements.
Legislative history
New bill.
Fiscal implications
None.
Effective date
Immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.