A5393 (2023-24 session)
NY State bill
Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder.
- Title
- Relates to requirements for making of policy loans
- Type
- New York State Assembly bill
- Session
- 2023-24 session
- Status
- In Assembly Committee
- Latest action date
- 2024-01-03
- In committee
- Insurance
- Introduced
- 2023-03-10
- Same as
- S2596
- Law section
- Insurance Law
Sponsors
- Vivian E. Cook Assembly Member, District 32
Co-sponsors
- Al Taylor Assembly Member, District 71
- Alicia Hyndman Assembly Member, District 29
Heard in committee
- Insurance NY State Assembly committee
Same as
- S2596 (2023-24 session) NY State bill