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S09367 Summary:

BILL NOS09367A
 
SAME ASNo Same As
 
SPONSORBAILEY
 
COSPNSRASHBY
 
MLTSPNSR
 
Amd §5, Chap 589 of 2015; amd §5, Chap 588 of 2015
 
Makes permanent certain provisions of law relating to catastrophic or reinsurance coverage issued to certain small groups.
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S09367 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         9367--A
 
                    IN SENATE
 
                                      March 5, 2026
                                       ___________
 
        Introduced by Sens. BAILEY, ASHBY -- read twice and ordered printed, and
          when  printed to be committed to the Committee on Insurance -- commit-
          tee discharged, bill amended, ordered reprinted as amended and  recom-
          mitted to said committee
 
        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 Assem-
        bly, do enact as follows:
 
     1    Section 1. Section 5 of chapter 589 of the laws of 2015, amending  the
     2  insurance law relating to catastrophic or reinsurance coverage issued to
     3  certain  small groups, as amended by chapter 576 of the laws of 2023, is
     4  amended to read as follows:
     5    § 5. This act shall take effect on the  same  date  and  in  the  same
     6  manner  as  chapter  588  of the laws of 2015, takes effect and shall be
     7  deemed repealed [thirteen] sixteen years thereafter.
     8    § 2. Section 5 of chapter 588 of the laws of 2015, amending the insur-
     9  ance law relating to catastrophic  or  reinsurance  coverage  issued  to
    10  certain  small groups, as amended by chapter 576 of the laws of 2023, is
    11  amended to read as follows:
    12    § 5. This act shall take  effect  immediately;  and  shall  be  deemed
    13  repealed [thirteen] sixteen years after it shall have become a law.
    14    § 3. This act shall take effect immediately.
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD14728-02-6
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