NY S06463

Amends Insurance Law Section 2131 to require wireless communications equipment vendors to disclose when a commission is paid to a retail representative for wireless communications equipment policies

Defines "commission" for wireless communications equipment vendors as monetary remuneration to a retail representative that is solely contingent upon a consumer's decision to enroll in the insurance policy

Exempts wireless communications equipment policies from disclosure requirements in Part Thirty of Title Eleven of New York State Codes, Rules and Regulations and other laws regarding producer compensation disclosure

Provides that commission disclosures required by this bill shall be deemed in full compliance with any producer compensation laws, rules, or regulations

Takes effect 30 days after becoming law