Outline of New York State & the NYS Assembly Seal

New York State Assembly

Speaker Carl E. Heastie
 

S08428 Summary:

BILL NOS08428
 
SAME ASSAME AS A09343
 
SPONSORSKOUFIS
 
COSPNSR
 
MLTSPNSR
 
Add §204, Ins L
 
Requires the department of financial services publish a report on long-term care insurance rates including historical rates and the dates and amounts of any rate changes.
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S08428 Actions:

BILL NOS08428
 
01/29/2024REFERRED TO INSURANCE
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S08428 Committee Votes:

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S08428 Floor Votes:
There are no votes for this bill in this legislative session.
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S08428 Memo:
Memo not available
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S08428 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8428
 
                    IN SENATE
 
                                    January 29, 2024
                                       ___________
 
        Introduced  by  Sen. SKOUFIS -- read twice and ordered printed, and when
          printed to be committed to the Committee on Insurance
 
        AN ACT to amend the insurance law, in relation to requiring the  depart-
          ment  of  financial services publish a report on long-term care insur-
          ance rates
 
          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section 1. The insurance law is amended by adding a new section 204 to
     2  read as follows:
     3    §  204.  Report  on long-term care insurance plan or policy rates. The
     4  superintendent shall publish a report on the department's website  which
     5  shall include, but not be limited to:
     6    1.  the  long-term care insurance plan or policy rates by all insurers
     7  subject to the provisions of this chapter;
     8    2. the historical long-term care insurance plan or policy rates by all
     9  insurers subject to the provisions of this chapter  for  the  prior  ten
    10  years; and
    11    3. the dates and amounts of any changes to such rates.
    12    §  2.  This  act shall take effect on the ninetieth day after it shall
    13  have become a law.
 
 
 
 

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD13778-01-3



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S08428 LFIN:
 NO LFIN
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S08428 Chamber Video/Transcript:
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