- Summary
- Actions
- Committee Votes
- Floor Votes
- Memo
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A04442 Summary:
BILL NO | A04442 |
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SAME AS | No Same As |
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SPONSOR | Steck |
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COSPNSR | |
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MLTSPNSR | |
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Amd §§1117, 3216 & 3221, Ins L | |
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Requires long-term care policy rate increases shall not exceed 33% in a 3 year period. |
A04442 Actions:
BILL NO | A04442 | |||||||||||||||||||||||||||||||||||||||||||||||||
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02/14/2023 | referred to insurance | |||||||||||||||||||||||||||||||||||||||||||||||||
01/03/2024 | referred to insurance |
A04442 Committee Votes:
Go to topA04442 Floor Votes:
There are no votes for this bill in this legislative session.
Go to topA04442 Text:
Go to top STATE OF NEW YORK ________________________________________________________________________ 4442 2023-2024 Regular Sessions IN ASSEMBLY February 14, 2023 ___________ Introduced by M. of A. STECK -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to increasing long-term care policy rates The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subsection (g) of section 1117 of the insurance law is 2 amended by adding a new paragraph 5 to read as follows: 3 (5) An increase to a long-term care insurance plan or policy rate by 4 an authorized insurer, health maintenance organization or fraternal 5 benefit society subject to the provisions of this chapter shall not 6 exceed thirty-three percent within a three year period. 7 § 2. Section 3216 of the insurance law is amended by adding a new 8 subsection (n) to read as follows: 9 (n) An increase to a long-term care insurance plan or policy rate by 10 an insurer subject to the provisions of this article shall not exceed 11 thirty-three percent within a three year period. 12 § 3. Section 3221 of the insurance law is amended by adding a new 13 subsection (u) to read as follows: 14 (u) An increase to a long-term care insurance plan or policy rate by 15 an insurer subject to the provisions of this article shall not exceed 16 thirty-three percent within a three year period. 17 § 4. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD06662-01-3