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S T A T E O F N E W Y O R K
________________________________________________________________________
10746
I N A S S E M B L Y
March 27, 2026
___________
Introduced by M. of A. DINOWITZ -- read once and referred to the Commit-
tee on Insurance
AN ACT to amend the insurance law, in relation to notifying an insured
of a rate filing increase for long term care
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
1 Section 1. Subparagraph (O) of paragraph 6 of subsection (b) of
2 section 1117 of the insurance law, as added by chapter 655 of the laws
3 of 2023, is amended and a new subparagraph (O-1) is added to read as
4 follows:
5 (O) A statement that if the authorized insurer, corporation, health
6 maintenance organization or fraternal benefit society seeks to increase
7 the premium rate, the department will post notice of the rate filing on
8 its website prior to any determination by the department; [and]
9 (O-1) A STATEMENT THAT IF THE AUTHORIZED INSURER, CORPORATION, HEALTH
10 MAINTENANCE ORGANIZATION OR FRATERNAL BENEFIT SOCIETY SEEKS TO INCREASE
11 THE PREMIUM RATE, SUCH AUTHORIZED INSURER, CORPORATION, HEALTH MAINTE-
12 NANCE ORGANIZATION OR FRATERNAL BENEFIT SOCIETY WILL SEND NOTIFICATION
13 OF THE RATE FILING TO THE INSURED AT THE TIME OF THE RATE FILING WITH
14 THE DEPARTMENT, TOGETHER WITH CLEAR INSTRUCTIONS ON HOW TO SUBMIT
15 COMMENTS ON THE RATE FILING OR APPLICATION REGARDING PREMIUM RATES TO
16 THE DEPARTMENT, THROUGH THE DEPARTMENT'S WEBSITE, BY MAIL, AND/OR BY
17 OTHER MEANS; AND
18 § 2. Subsection (i) of section 1117 of the insurance law, as added by
19 chapter 655 of the laws of 2023, is amended to read as follows:
20 (i) Whenever an authorized insurer, corporation, health maintenance
21 organization or fraternal benefit society submits a rate filing or
22 application to the superintendent to increase or decrease premium rates
23 for any policy or certificate subject to this section, SUCH AUTHORIZED
24 INSURER, CORPORATION, HEALTH MAINTENANCE ORGANIZATION OR FRATERNAL BENE-
25 FIT SOCIETY SHALL ALSO SEND NOTIFICATION OF THE RATE FILING OR APPLICA-
26 TION TO THE POLICY HOLDER TOGETHER WITH CLEAR INSTRUCTIONS ON HOW TO
27 SUBMIT COMMENTS ON THE RATE FILING OR APPLICATION REGARDING PREMIUM
28 RATES TO THE DEPARTMENT, THROUGH THE DEPARTMENT'S WEBSITE, BY MAIL,
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD14991-01-6
A. 10746 2
1 AND/OR BY OTHER MEANS; AND the superintendent shall post a public notice
2 of the rate filing or application on the department's website within
3 fourteen days. The superintendent shall provide for a process for the
4 public to provide comments on such rate filing or application electron-
5 ically or in writing for a period of thirty days after such public
6 notice is posted on the department's website.
7 § 3. This act shall take effect immediately.