New York A07274 mandates insurers to keep records of long-term care policy cancellations, specifying those due to premium increases.

New York A07274 amends the insurance law to require insurers issuing long-term care benefit contracts to maintain records of policy cancellations each year. These records must specify which cancellations occurred due to, or within thirty days after, an increase in policy premiums. The law takes effect immediately upon enactment.

New York A07274 mandates insurers to keep records of long-term care policy cancellations, specifying those due to premium increases.

New York A07274 amends the insurance law to require insurers issuing long-term care benefit contracts to maintain records of policy cancellations each year. These records must specify which cancellations occurred due to, or within thirty days after, an increase in policy premiums. The law takes effect immediately upon enactment.