New York A02556 requires insurers to provide written notice of premium rate changes at least sixty days prior to the effective date.

New York A02556 amends the insurance law to mandate that insurers provide written notice to policyholders of any changes in premium rates at least sixty days, but not more than one hundred twenty days, before the changes take effect. This applies to modifications in health insurance coverage for group or blanket policies offered to large or small group policyholders. The changes will become effective on the first of January next succeeding the date on which the act becomes law.

New York A02556 requires insurers to provide written notice of premium rate changes at least sixty days prior to the effective date.

New York A02556 amends the insurance law to mandate that insurers provide written notice to policyholders of any changes in premium rates at least sixty days, but not more than one hundred twenty days, before the changes take effect. This applies to modifications in health insurance coverage for group or blanket policies offered to large or small group policyholders. The changes will become effective on the first of January next succeeding the date on which the act becomes law.