S2596 (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 Senate bill
- Session
- 2023-24 session
- Status
- In Senate Committee
- Latest action date
- 2024-01-03
- In committee
- Insurance
- Introduced
- 2023-01-23
- Same as
- A5393
- Law section
- Insurance Law
Sponsors
- Leroy Comrie State Senator, District 14
Heard in committee
- Insurance NY State Senate committee
Same as
- A5393 (2023-24 session) NY State bill