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NY A04480
Bill
Status
2/16/2023
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Authorizes insurers licensed to write life and accident/health insurance to include non-insurance benefits or services with group life or group/blanket accident and health insurance policies.
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Permits non-insurance benefits including financial planning, estate planning, financial counseling, travel assistance, grief counseling, funeral planning, and identity theft services.
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Requires all non-insurance benefits or services to be made available equally to similarly-situated members of the group and clearly disclosed in the policy and certificate.
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Mandates that any entity providing these non-insurance benefits or services must be appropriately licensed to do so.
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Authorizes the superintendent to approve additional non-insurance benefits and adopt rules regulating disclosure requirements related to these services.
Legislative Description
Relates to authorizing non-insurance benefits or services to be offered as part of group life or group or blanket accident or health insurance policies.
Last Action
referred to insurance
1/3/2024