Extends certain provisions of law relating to catastrophic or reinsurance coverage issued to certain small groups

2025 Regular Session Introduced by John McDonald and 1 co-sponsor

The bill synchronizes the effective dates of old small-group catastrophic/reinsurance provisions and sets a 13-year sunset for those rules.

REFERRED TO RULES

Summary of Bill A 10218 (2025-2026) – New York

Purpose and intent

The bill extends the effectiveness of existing provisions related to catastrophic or reinsurance coverage issued to certain small groups. It amends two previously enacted laws (chapter 589 and chapter 588 of 2015, as amended) to adjust when those provisions take effect and when they would cease.

Key provisions and changes

Effectiveness timing adjustments:

For chapter 589 (2015, amended 2023): The act specifies that its provision taking effect occurs on the same date and in the same manner as chapter 588 of 2015, with an explicit note that it would be repealed thirteen years after it becomes law.
For chapter 588 (2015, amended 2023): The act specifies that its provision takes effect immediately, with an explicit note that it would be repealed thirteen years after it becomes law.

Overall effect: The legislation creates synchronized effective dates between the two related statutes and sets a sunset timeline (repeal) thirteen years after they take effect.

Immediate take effect: Section 3 states the act takes effect immediately.

Who/what is affected

Catastrophic or reinsurance coverage issued to certain small groups, as addressed by the 2015 amendments (and their 2023 amendments). The bill clarifies and harmonizes when these provisions become effective and when they would expire.

Insurance laws and regulatory framework governing small-group catastrophic or reinsurance coverage in New York State.

Procedural and timeline aspects

Effective date alignment: The bill ties the effectiveness of its changes to the effectiveness of the related chapter 588 law, ensuring consistent start dates.

Sunset provision: Both amended chapters would be repealed thirteen years after their respective enactment dates.

Immediate effect: The bill itself becomes effective immediately upon enactment.

Additional notes

Sponsorship: Co-sponsored by John McDonald and Carrie Woerner.

Status: Referred to and under consideration by the Assembly Committee on Insurance, with recent actions indicating amendment and reconfirmation as of May 2026.

The bill does not introduce new substantive requirements beyond coordinating effective dates and establishing a 13-year sunset for the related provisions.

If you’d like, I can compare these changes to the current law text to highlight exactly which provisions are being synchronized and what the practical impact would be for insurers and small-group policyholders.