S3862 (2025-26 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
- 2025-26 session
- Status
- In Senate Committee
- Latest action date
- 2026-01-07
- In committee
- Insurance
- Introduced
- 2025-01-30
- Same as
- A6833
- Law section
- Insurance Law
Sponsors
- Leroy Comrie State Senator, District 14
Co-sponsors
- Zellnor Myrie State Senator, District 20
Heard in committee
- Insurance NY State Senate committee
Same as
- A6833 (2025-26 session) NY State bill