New York S 5723: Requires the department of financial services publish a report on long-term care insurance rates

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 Speaker Carl E. Heastie

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S05723 Summary:

BILL NOS05723 

&nbsp

SAME ASSAME AS A03801

&nbsp

SPONSORSKOUFIS

&nbsp

COSPNSR

&nbsp

MLTSPNSR

&nbsp

Add §204, Ins L

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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.

Go to top S05723 Actions:

BILL NOS05723 

&nbsp

02/28/2025REFERRED TO INSURANCE

01/07/2026REFERRED TO INSURANCE

Go to topS05723 Committee&nbspVotes:

Go to topS05723 Floor&nbspVotes:

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

Go to topS05723 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 5723

 2025-2026 Regular Sessions

 IN SENATE

 February 28, 2025
 ___________

 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.
 LBD07815-01-5

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