Circular Letter No. 34 (2001)
November 30, 2001
TO: |
All Insurers Licensed to Write Accident and Health Insurance in New York State, Including Article 43 Corporations. |
RE: |
Group Policy Forms for Long Term Care Insurance, Nursing Home and Home Care Insurance, Nursing Home Insurance Only and Home Care Insurance Only. |
STATUTORY REFERENCES: Insurance Law Section 3201(c)(11); Chapter 389 of the Laws of 2001
On October 31, 2001, Governor Pataki signed A.4144/S.1574 into law (Chapter 389 of the Laws of 2001) with an immediate effective date. This enactment repeals Section 3201(c)(11) of the Insurance Law which had required single case approval for all types of group long-term care products identified above. Consequently, the Department shall deem all policy forms which have previously received single case approval to be approved on a general basis effective immediately.
Please direct all inquires concerning this Circular Letter to Stephen Rings, Senior Insurance Attorney, Health Bureau, NYS Insurance Department, Agency Building One, Empire State Plaza, Albany, NY 12257 or by telephone at (518) 474-4899.
Very truly yours,
________________________
Charles S. Henricks
Cheif Examiner and Co-Chief,
Health Bureau
________________________
Thomas C. Zyra
Co-Chief, Health Bureau