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NY A08618
Bill
Status
Introduced
1/10/2022
Primary Sponsor
Phillip Steck
Click for details
AI Summary
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Caps long-term care insurance policy rate increases at 33 percent within any three-year period for authorized insurers, health maintenance organizations, and fraternal benefit societies under Insurance Law Section 1117.
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Applies the same 33 percent three-year rate increase cap to insurers under Insurance Law Section 3216.
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Applies the same 33 percent three-year rate increase cap to insurers under Insurance Law Section 3221.
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Takes effect immediately upon enactment.
Legislative Description
Requires long-term care policy rate increases shall not exceed 33% in a 3 year period.
Last Action
referred to insurance
1/10/2022
Committee Referrals
Insurance1/10/2022
Full Bill Text
No bill text available