Provides that written notice of premium rate changes be given not less than sixty days prior to the effective date of such rate changes

This bill (A 2556) requires insurance companies to provide written notice to group health policyholders at least 60 days before new premium rates take effect. It directly affects insurers and policyholders of group health insurance policies (both small and large groups). The key provision mandates that written notice of premium rate changes must be given no earlier than 60 days but no later than 120 days before the new rates begin. This ensures policyholders have sufficient time to review and prepare for rate adjustments. The bill amends Insurance Law Section 3221 to establish this notice requirement.