New York A07685 amends the insurance law to allow for the annual renewal of long-term care health insurance policies at the insured's option, unless.

New York A07685 amends the insurance law to ensure that long-term care health insurance contracts and policies can be renewed annually at the insured's discretion. The renewal is contingent upon the insured paying the required premiums; failure to do so allows the insurer to cancel the contract or policy. This change applies to all contracts and policies issued under the amended law and takes effect immediately.

New York A07685 amends the insurance law to allow for the annual renewal of long-term care health insurance policies at the insured's option, unless.

New York A07685 amends the insurance law to ensure that long-term care health insurance contracts and policies can be renewed annually at the insured's discretion. The renewal is contingent upon the insured paying the required premiums; failure to do so allows the insurer to cancel the contract or policy. This change applies to all contracts and policies issued under the amended law and takes effect immediately.