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NY A02018
Bill
Status
Introduced
1/23/2023
Primary Sponsor
Stephen Hawley
Click for details
AI Summary
- Amends insurance law section 3221(p)(4) to require insurers to provide written notice of premium rate changes to all policyholders before modifying health insurance coverage for group policies
- Notice must be provided not less than 60 days and not more than 120 days prior to the effective date of rate changes
- Applies to health insurance coverage modifications for large and small group policyholders offered on a uniform basis
- Takes effect on January 1st following the date the bill becomes law
Legislative Description
Provides written notice of premium rate changes not less than sixty days prior to the effective date of such rate changes.
Last Action
referred to insurance
1/3/2024
Committee Referrals
Insurance1/23/2023
Full Bill Text
No bill text available