New York A02006 amends the insurance law to exempt certain group policies from filing and approval requirements.

New York A02006 amends the insurance law to exempt certain group policies, group contracts, and certificates from filing and approval requirements. Specifically, it exempts group policies issued by large group policyholders, defined as groups with at least 500 employees or members. The superintendent cannot disapprove these exempt policy forms but can issue a cease and desist order if the form is contrary to the requirements of the insurance law or inconsistent with the law at the time of the order.

New York A02006 amends the insurance law to exempt certain group policies from filing and approval requirements.

New York A02006 amends the insurance law to exempt certain group policies, group contracts, and certificates from filing and approval requirements. Specifically, it exempts group policies issued by large group policyholders, defined as groups with at least 500 employees or members. The superintendent cannot disapprove these exempt policy forms but can issue a cease and desist order if the form is contrary to the requirements of the insurance law or inconsistent with the law at the time of the order.