NY S06014

Modifies minimum participation requirements for group life insurance policies where employees contribute premiums, changing from "not less than fifty percent of eligible employees or fifty or more" to "a minimum of fifty percent or five eligible employees, whichever is fewer"

Establishes different minimum participation thresholds for group accident and health insurance based on coverage type: requires fifty percent or more eligible employees for comprehensive hospital, medical, and major medical expense coverage, but only fifty percent or five eligible employees (whichever is fewer) for all other types of group accident and health insurance

Applies changes only when all or part of premiums are derived from funds contributed by insured employees

Takes effect immediately upon enactment