Directs the department of financial services 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 financial services, the governor and the legislature.
STATE OF NEW YORK
________________________________________________________________________
6470
2015-2016 Regular Sessions
IN ASSEMBLY
March 25, 2015
___________
Introduced by M. of A. ENGLEBRIGHT -- read once and referred to the
Committee on Insurance
AN ACT to direct the department of financial services 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 department of financial services is hereby authorized
2 and directed to examine, evaluate and make recommendations concerning
3 the provision of long term health care insurance coverage in this state,
4 as authorized pursuant to section 1117 of the insurance law. Such
5 department shall review, with particular care, the claims settlement
6 practices of the insurers providing such coverage in this state.
7 § 2. The department of financial services shall hold public hearings
8 in the course of conducting its examination and evaluation pursuant to
9 this act.
10 § 3. The department of financial services shall submit a report, on or
11 before January 1, 2016, to the superintendent of financial services, the
12 governor and the legislature of its findings, conclusions and recommen-
13 dations, and shall submit with its report such legislative and regulato-
14 ry proposals as it deems necessary to implement its recommendations.
15 § 4. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD10083-01-5
