NY A10443

Amends Insurance Law §4226 to explicitly state that prohibitions on misrepresentations, misleading statements, and incomplete comparisons apply specifically to policies or contracts purchased and delivered or issued for delivery in New York State

Covers insurers authorized to conduct life insurance, accident and health insurance, or annuity contract business in New York

Prohibited conduct includes misrepresenting policy terms/benefits, making false dividend estimates, misrepresenting an insurer's financial condition, and making incomplete policy comparisons to induce policy surrender

Clarifies that in any determination of misleading comparisons, it shall not be presumed the insured knew the provisions of their policy purchased and delivered in New York

Updates penalty provisions so insurers knowingly violating these rules remain liable for the amount of any premium or compensation received, recoverable by aggrieved persons under civil practice law