New York S10220 authorizes residential cooperative corporations to offer health insurance to their members and dependents.
New York S10220 amends the insurance law to allow residential cooperative corporations to offer health insurance to their members and dependents. This change permits these corporations to contract with authorized insurers to provide group accident and health insurance. The bill also mandates the superintendent of financial services to create rules for solvency protection, nondiscrimination, benefit disclosure, and reporting for residential cooperative health groups. This act takes effect 180 days after becoming law.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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