S 9517 New York Senate · 2025 Regular Session

Relates to notifying an insured of a rate filing increase or decrease for long term care

Summary
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.
Bill status passed 3 of 5 stages cleared
Introduction
Mar 2026
Committee Review
Mar 2026
Senate Passage
Jun 2026
Assembly Passage
Governor
Introduced Mar 19, 2026 Last action Jun 2, 2026
Maddy AI version diff · 1 comparison

What changed between versions

S9517 S9517A · 3 edits
MINOR
This bill expands the notification requirements for long-term care insurance rate changes to include both rate increases and decreases, ensuring policyholders are informed of any premium adjustments. It also adds specific rules requiring insurers to notify holders of approved rate decisions at least 90 days before the change takes effect and clarifies that certain notification provisions do not apply to policies exempt from rate changes.
Scope change
The bill's scope broadened from covering only rate increases to covering both rate increases and decreases for long-term care policies.
REQUIREMENT

Updated the required statement to notify insureds of rate filings for both increases and decreases, not just increases.

Added a new requirement for insurers to notify policyholders of approved rate decisions no later than 90 days prior to the effective date of the change.

Added a clarification that specific notification provisions do not apply to policies or certificates exempt from premium rate increases or decreases.

Floor votes · Senate Jun 2, 2026

How they voted

556
Passed · 2 other
Total votes 63
Jun 2, 2026
D Democratic41
39 Yea 2
95% Yea
R Republican22
16 Yea 6 Nay
72% Yea
Vote distribution
All Yea All Nay Mixed No data
Full legislative history

Actions timeline

Total actions
7
Key actions
2
Committee
1
Amendments
1
Jun 2, 2026
Upper · Passed
PASSED SENATE
upper
Apr 28, 2026
Upper · Passed
AMENDED ON THIRD READING (T) 9517A
upper
Mar 19, 2026
Committee
REFERRED TO INSURANCE
upper
1 primary · 1 co-sponsor

Sponsors