What's happening
This bill prohibits insurers from issuing long-term care policies that duplicate coverage an insured already has.
Why it matters
Prevents consumers from unknowingly purchasing overlapping long-term care insurance. , which can waste money on redundant coverage and complicate the process of making claims.
Places greater responsibility on insurers to verify an applicant’s existing coverage. before issuing a new long-term care policy, potentially increasing due diligence requirements and reducing aggressive sales tactics.
Could help streamline claims processing and reduce administrative confusion. for both policyholders and insurers, since duplicate coverage can lead to disputes and delays over which policy pays first.
May encourage consumers to better review and understand their current insurance holdings. , leading to increased financial literacy and avoidance of unnecessary insurance costs.
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Who cares
Headline styles
Ban Duplicate Health Policies
Plain English, a few words. Used as the page title.
Sponsors
Senator · Senate District 14
No co-sponsors yet.
History
- 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.
Stop Duplicate Long-Term Care
In Assembly Committee · Insurance · Sponsor Vivian Cook
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
5308
2019-2020 Regular Sessions
IN SENATE
April 24, 2019
Introduced by Sen. COMRIE -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance
AN ACT to amend the insurance law, in relation to prohibiting duplicate coverage relative to long term health care policies
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. Section 1117 of the insurance law is amended by adding a new subsection (h) to read as follows:
(h) No policy of insurance covering long term care issued subject to the provisions of this section shall provide any type of coverage to an insured which the insured already has in force and effect at the time of execution of such a policy covering long term care.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07989-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Sponsor's memo
Title of bill
An act to amend the insurance law, in relation to prohibiting duplicate coverage relative to long term health care poli- cies
Purpose or general idea of bill
This bill would prohibit insurance companies from selling long term care insurance policies which duplicate existing coverage.
Summary of specific provisions
Section 1117 of the insurance law is amended by adding a new subsection (h) which prohibits insurance companies from selling long term care insurance policies which duplicate existing coverage.
Justification
This pro-consumer initiative seeks to avoid duplicate insurance coverage in long term policies that might be issued by an authorized insurer or an authorized health maintenance organization. This provision is intended to protect the public from paying premiums on different poli- cies that contain similar provisions of coverage.
Prior legislative history
Previously introduced; 2017/18 A.2577.
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.