A06430 Summary:

BILL NO    A06430 

SAME AS    No same as

SPONSOR    Cook (MS)

COSPNSR    John, Greene, Kavanagh

MLTSPNSR   Boyland, Colton, Galef, Gottfried, Gunther, Hooper, Pheffer

Amd S1117, Ins L

Provides that health insurance contracts and policies for long term care shall
be renewable each year at the option of the insured unless there is nonpayment
of premiums.

A06430 Actions:

BILL NO    A06430 

03/03/2009 referred to insurance
01/06/2010 referred to insurance

A06430 Votes:

A06430 Memo:

 BILL NUMBER:  A6430

 TITLE OF BILL :  An act to amend the insurance law, in relation to
the renewal of health insurance policies for long term care

 PURPOSE OR GENERAL IDEA OF BILL :

This bill would provide that health insurance contracts and policies
for long term care shall be renewable each year at the option of the
insured.  This bill would provide that should the insured fail to pay
the premiums due for renewal, then the insurer may cancel the contract
or policy.

 SUMMARY OF SPECIFIC PROVISIONS :

Paragraphs 5 and 6 of subsection (b) of section 1117 of the insurance
law are renumbered paragraphs 6 and 7 and a new paragraph 5 is added.

 JUSTIFICATION :

The amendment protects the insured from an arbitrary termination of
coverage based on the whim of the insurer for any reason other than
non-payment of premiums.

 PRIOR LEGISLATIVE HISTORY :

1993-94:  A.9589
1995-96:  A.624
1997-98:  A.3419
1999-00: A.2684
2001/02: A.750
2003/04: A.936
2005/06: A.4005
2007/08: A.4036

 FISCAL IMPLICATIONS :  None.

 EFFECTIVE DATE :
This act shall take effect immediately.