Directs the insurance department to study and make recommendations on the provision of long term health care insurance coverage and the settlement of claims under such insurance; requires the submission of a report to the superintendent of insurance, the governor and the legislature.
STATE OF NEW YORK
________________________________________________________________________
5560
2011-2012 Regular Sessions
IN ASSEMBLY
February 23, 2011
___________
Introduced by M. of A. ENGLEBRIGHT, BOYLAND -- read once and referred to
the Committee on Insurance
AN ACT to direct the insurance department to study, evaluate and make
recommendations concerning the provision of long term health care
insurance coverage and claims settlement in the state
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. The insurance department is hereby authorized and directed
2 to examine, evaluate and make recommendations concerning the provision
3 of long term health care insurance coverage in this state, as authorized
4 pursuant to section 1117 of the insurance law. Such department shall
5 review, with particular care, the claims settlement practices of the
6 insurers providing such coverage in this state.
7 § 2. The insurance department shall hold public hearings in the course
8 of conducting its examination and evaluation pursuant to this act.
9 § 3. The insurance department shall submit a report, on or before
10 January 1, 2012, to the superintendent of insurance, the governor and
11 the legislature of its findings, conclusions and recommendations, and
12 shall submit with its report such legislative and regulatory proposals
13 as it deems necessary to implement its recommendations.
14 § 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD08818-01-1
