summary
Introduced
01/28/2019
01/28/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the insurance law and the state finance law, in relation to creating the health insurance guaranty fund The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill creates the New York Health Insurance Consumer Protection Security Fund, a guaranty fund mechanism to ensure the financial obligations of health insurers are met in the event of insolvency or financial impairment. The bill outlines the purpose, definitions, and powers of the fund, including the ability to make payments to health care providers and covered individuals to fully reimburse services. The fund is financed through assessments on health insurers, with provisions for exemptions or deferrals. The bill also authorizes the director of the budget to transfer funds as necessary to meet the requirements of the fund.
Committee Categories
Business and Industry
Sponsors (41)
Vivian Cook (D)*,
Harvey Epstein (D)*,
Deborah Glick (D)*,
Richard Gottfried (D)*,
Donna Lupardo (D)*,
Victor Pichardo (D)*,
Jo Anne Simon (D)*,
Michaelle Solages (D)*,
Thomas Abinanti (D),
Michael Benedetto (D),
Ed Braunstein (D),
David Buchwald (D),
William Colton (D),
Michael Cusick (D),
Inez Dickens (D),
Steven Englebright (D),
Patricia Fahy (D),
Sandy Galef (D),
Andrew Hevesi (D),
Pamela Hunter (D),
Ellen Jaffee (D),
Kimberly Jean-Pierre (D),
Charles Lavine (D),
Bill Magnarelli (D),
Félix Ortiz (D),
Steve Otis (D),
Amy Paulin (D),
Crystal Peoples-Stokes (D),
N. Nick Perry (D),
Dan Quart (D),
Andrew Raia (R),
Robert Rodriguez (D),
David Rosenthal (D),
Linda Rosenthal (D),
Rebecca Seawright (D),
Aravella Simotas (D),
Phil Steck (D),
Al Stirpe (D),
Fred Thiele (D),
David Weprin (D),
Tremaine Wright (D),
Last Action
referred to insurance (on 01/08/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A02910&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 01/29/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A02910&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A02910 | 01/29/2019 |
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