A01711 Summary:

BILL NOA01711
 
SAME ASSAME AS S04546
 
SPONSORHevesi
 
COSPNSRMagee, Hunter, Steck
 
MLTSPNSR
 
Amd §4224, Ins L
 
Relates to life, accident and health insurance; relates to discrimination and rebating; also relates to prohibited inducements and independent sales.
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A01711 Actions:

BILL NOA01711
 
01/12/2017referred to insurance
06/06/2017reported referred to rules
01/03/2018referred to insurance
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A01711 Committee Votes:

INSURANCE Chair:Cahill DATE:06/06/2017AYE/NAY:23/0 Action: Favorable refer to committee Rules
CahillAyeBarclayAye
CookAyeButlerAye
PretlowAyeHawleyAye
RiveraAyeBlankenbushAye
Peoples-StokesAyeCurranAye
CymbrowitzAyeWalterAye
LavineAyeGarbarinoAye
MoyaExcused
HevesiAye
SkoufisExcused
SteckAye
CrespoAye
JoynerAye
DilanAye
HunterAye
SimotasAye
WalkerAye
NiouAye

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A01711 Floor Votes:

There are no votes for this bill in this legislative session.
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A01711 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          1711
 
                               2017-2018 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 12, 2017
                                       ___________
 
        Introduced by M. of A. HEVESI -- read once and referred to the Committee
          on Insurance
 
        AN  ACT  to  amend  the insurance law, in relation to life, accident and
          health insurance; discriminating and rebating; prohibited  inducements
          and independent sales
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:
 
     1    Section 1. Subsection (f) of section 4224  of  the  insurance  law  is
     2  amended by adding a new paragraph 3 to read as follows:
     3    (3)  Notwithstanding  subsection (c) of this section, a licensed agent
     4  or insurance broker may provide the following services without  charging
     5  a  service  fee  or,  in  the case of a licensed insurance broker, for a
     6  separate service fee pursuant to a written memorandum made in accordance
     7  with subsection (c) of section two thousand one hundred nineteen of this
     8  chapter, if such services are provided in a fair  and  nondiscriminatory
     9  manner  and  incidental to a group or blanket policy or contract sold by
    10  the insurance agent or insurance broker:
    11    (i) risk assessment, including identifying sources of risk and  devel-
    12  oping strategies for eliminating or limiting those risks;
    13    (ii) insurance consulting services or other insurance-related advice;
    14    (iii) insurance-related regulatory and legislative updates;
    15    (iv)  certain claims assistance services (including the preparation of
    16  claims forms), but excluding adjustment, unless the exceptions set forth
    17  in subsection (g) of section two thousand one hundred one of this  chap-
    18  ter are satisfied;
    19    (v)  tax  preparation  on  behalf  of an employer of schedule A of the
    20  internal revenue service form fifty-five hundred annual return/report of
    21  employee benefit plan, which requests  information  regarding  insurance
    22  contract   coverage,  fees,  and  commissions,  investment  and  annuity
    23  contracts, and welfare benefit contracts;
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD02480-01-7

        A. 1711                             2
 
     1    (vi) information to group policy or contract holders and members under
     2  group insurance policies currently in place, as well as forms needed for
     3  plan administration, enrollment in a plan, insurer  website  links,  and
     4  answers  to frequently asked questions related to the insurance (includ-
     5  ing,  for  example,  access  through a website, created by the insurance
     6  producer, to an employee benefit portal that contains such information);
     7    (vii) certain services performed pursuant to the federal  consolidated
     8  omnibus  budget  reconciliation  act  (COBRA),  such  as  billing former
     9  employees, collecting the insurance premiums, and forwarding the  aggre-
    10  gate premiums to the employer policy or contract holder or to the insur-
    11  er, when offered in connection with the provision of accident and health
    12  insurance; and
    13    (viii) certain services provided in accordance with the federal health
    14  insurance  portability  and accountability act, such as those pertaining
    15  to health care access, portability, and renewability,  when  offered  in
    16  connection with the provision of accident and health insurance.
    17    § 2. This act shall take effect immediately.
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