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NY A04442
Bill
Status
Introduced
2/14/2023
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 subject to Insurance Law section 3216.
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Applies the same 33 percent three-year rate increase cap to insurers subject to 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
1/3/2024
Committee Referrals
Insurance2/14/2023
Full Bill Text
No bill text available