New York S 9517: Relates to notifying an insured of a rate filing increase or decrease for long term care

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S09517 Summary:

BILL NOS09517A

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SAME ASSAME AS A10746-A

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SPONSORMAYER

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COSPNSRADDABBO

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MLTSPNSR

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Amd §1117, Ins L

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Relates to notifying an insured of a rate filing increase or decrease for long term care; provides such notification shall include instructions on how to submit comments on such rate filing.

Go to top S09517 Actions:

BILL NOS09517A

&nbsp

03/19/2026REFERRED TO INSURANCE

04/20/20261ST REPORT CAL.707

04/21/20262ND REPORT CAL.

04/22/2026ADVANCED TO THIRD READING 

04/28/2026AMENDED ON THIRD READING (T) 9517A

06/02/2026PASSED SENATE

06/02/2026DELIVERED TO ASSEMBLY

Go to topS09517 Committee&nbspVotes:

Go to topS09517 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS09517 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 9517--A
 Cal. No. 707

 IN SENATE

 March 19, 2026
 ___________

 Introduced by Sen. MAYER -- read twice and ordered printed, and when
 printed to be committed to the Committee on Insurance -- reported
 favorably from said committee, ordered to first and second report,
 ordered to a third reading, amended and ordered reprinted, retaining
 its place in the order of third reading

 AN ACT to amend the insurance law, in relation to notifying an insured
 of a rate filing increase or decrease 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 or decrease the premium rate, the department will post notice of the
 8 rate filing on its website prior to any determination by the department;
 9 [and]
 10 (O-1) A statement that if the authorized insurer, corporation, health
 11 maintenance organization or fraternal benefit society seeks to increase
 12 or decrease the premium rate, such authorized insurer, corporation,
 13 health maintenance organization or fraternal benefit society will send
 14 notification of the rate filing to the insured at the time of the rate
 15 filing with the department, together with clear instructions on how to
 16 submit comments on the rate filing or application regarding premium
 17 rates to the department, through the department's website, by mail,
 18 and/or by other means; and
 19 § 2. Subsection (i) of section 1117 of the insurance law, as added by
 20 chapter 655 of the laws of 2023, is amended to read as follows:
 21 (i) Whenever an authorized insurer, corporation, health maintenance
 22 organization or fraternal benefit society submits a rate filing or
 23 application to the superintendent to increase or decrease premium rates
 24 for any policy or certificate subject to this section, such authorized
 25 insurer, corporation, health maintenance organization or fraternal bene-

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD14991-02-6

 S. 9517--A 2

 1 fit society shall also send notification of the rate filing or applica-
 2 tion to the policy holder together with clear instructions on how to
 3 submit comments on the rate filing or application regarding premium
 4 rates to the department, through the department's website, by mail,
 5 and/or by other means; and the superintendent shall post a public notice
 6 of the rate filing or application on the department's website within
 7 fourteen days. The superintendent shall provide for a process for the
 8 public to provide comments on such rate filing or application electron-
 9 ically or in writing for a period of thirty days after such public
 10 notice is posted on the department's website.
 11 § 3. Subsections (k) and (l) of section 1117 of the insurance law, as
 12 added by chapter 655 of the laws of 2023, are amended to read as
 13 follows:
 14 (k) Upon receipt by an authorized insurer, corporation, health mainte-
 15 nance organization or fraternal benefit society covered by the
 16 provisions of this section of an