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NY A05047
Bill
Status
2/27/2023
Primary Sponsor
Charles Lavine
Click for details
AI Summary
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Amends Insurance Law Section 1101(b) to exempt the sale of non-indemnity legal service plans from being classified as "doing an insurance business" in New York State.
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Defines a non-indemnity legal service plan as any arrangement where legal services are available to members or their dependents through an organization that contracts directly with independent attorneys on a capitated payment basis.
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Requires that under a qualifying plan, the independent attorney receives only capitated payments from the organization with no additional reimbursement for specified legal services or expenses.
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Takes effect thirty days after becoming law.
Legislative Description
Provides that the sale of a non-indemnity legal service plan shall not constitute doing an insurance business in this state; makes related provisions.
Last Action
print number 5047a
1/26/2024