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NY S08151
Bill
Status
4/9/2018
Primary Sponsor
James Seward
Click for details
AI Summary
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Amends Insurance Law Section 3105(a) to add new subsection (2) requiring persons with claims under life insurance policies to provide reasonable assistance to insurers in obtaining information about potential misrepresentations.
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Applies only to life insurance policies that provide a death benefit and have been in force for fewer than two years from the issue date or reinstatement date (if evidence of insurability was requested).
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Requires claimants to assist insurers in determining whether misrepresentations were made by the applicant for insurance or prospective insured.
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Takes effect immediately upon enactment.
Legislative Description
Requires persons having claims under a life insurance policy to provide reasonable assistance to the insurer in obtaining information relating to misrepresentations made by the insured.
Last Action
COMMITTED TO RULES
6/20/2018