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NY A07274
Bill
Status
3/21/2025
Primary Sponsor
Vivian Cook
Click for details
AI Summary
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Requires authorized insurers offering long term care benefit plans to prepare and maintain records listing the number of policies cancelled each year
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Mandates that these records specifically indicate which policy cancellations occurred due to, or within 30 days after, a premium increase
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Amends Section 1117 of the Insurance Law by adding a new subsection (m)
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Takes effect immediately upon passage
Legislative Description
Requires insurers which issue contracts providing long term care benefits to maintain records of policies cancelled during each year and requires that such records indicate which policies were cancelled due to, or within thirty days after, an increase in policy premiums.
Last Action
referred to insurance
1/7/2026