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NY A10211

Bill

Official Source

Status

Introduced

3/26/2018

Primary Sponsor

Pamela Hunter

Click for details

Origin

Assembly

2017-2018 General Assembly

AI Summary

  • Extends the timeframe for insurers to respond to requests for unclaimed life insurance benefits from thirty days to sixty days
  • Removes the separate forty-five-day deadline that previously applied when an insurer contracts with another entity to maintain records
  • Applies uniformly to all insurers regardless of whether they maintain records directly or through a contracted third party
  • Takes effect immediately upon enactment

Legislative Description

Amends certain time frames for action by insurers relating to requests for unclaimed life insurance through the lost policy finder.

Last Action

reported referred to rules

6/19/2018

Committee Referrals

Rules6/19/2018
Codes6/6/2018
Insurance3/26/2018

Full Bill Text

No bill text available