What's happening
This bill extends the repeal date for laws regarding catastrophic or reinsurance coverage for certain small groups from three to four years.
Why it matters
Gives small businesses an extra year. to access catastrophic or reinsurance coverage options, potentially helping them better manage risk and provide more stable health benefits for employees.
Signals New York’s ongoing evaluation. of insurance market flexibility, suggesting regulators and lawmakers see continued need for these coverage types amid healthcare market changes.
Impacts the availability and pricing. of certain insurance products for small groups, which could influence competition among insurers and the cost of health coverage for small employers and their workers.
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Who cares
Headline styles
Extend Small Group Reinsurance
Plain English, a few words. Used as the page title.
Sponsors
2 Co-sponsors
History
- Signed chap.370
- Delivered to governor
- Returned to assembly
- Passed senateVote 63–0
- 3rd reading cal.2077
- Substituted for S6572A
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading rules cal.196
- Rules report cal.196
- Reported
Show 2 earlier actions
- Reported referred to rules
- 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.
Extend Small Group Insurance
Senate Floor Calendar · Sponsor James L. Seward
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
8264
2017-2018 Regular Sessions
IN ASSEMBLY
June 2, 2017
Introduced by M. of A. CAHILL -- read once and referred to the Committee on Insurance
AN ACT to amend chapter 589 of the laws of 2015, amending the insurance law relating to catastrophic or reinsurance coverage issued to certain small groups, in relation to the effectiveness thereof; and to amend chapter 588 of the laws of 2015, amending the insurance law relating to catastrophic or reinsurance coverage issued to certain small groups, in relation to the effectiveness thereof
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 5 of chapter 589 of the laws of 2015, amending the insurance law relating to catastrophic or reinsurance coverage issued to certain small groups, as amended by chapter 12 of the laws of 2016, is amended to read as follows:
§ 5. This act shall take effect on the same date and in the same manner as a chapter of the laws of 2015 amending the insurance law relating to catastrophic or reinsurance coverage issued to certain small groups, as proposed in legislative bills numbers S.5928-A and A.8134-A, takes effect and shall be deemed repealed [three] four years thereafter.
§ 2. Section 5 of chapter 588 of the laws of 2015, amending the insurance law relating to catastrophic or reinsurance coverage issued to certain small groups, as amended by chapter 12 of the laws of 2016, is amended to read as follows:
§ 5. This act shall take effect immediately; and shall be deemed repealed [3] 4 years after it shall have become a law.
§ 3. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD13004-01-7
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.