Bill Text: NY A10211 | 2017-2018 | General Assembly | Introduced
Bill Title: Amends certain time frames for action by insurers relating to requests for unclaimed life insurance through the lost policy finder.
Spectrum: Partisan Bill (Democrat 3-0)
Status: (Introduced - Dead) 2018-06-19 - reported referred to rules [A10211 Detail]
Download: New_York-2017-A10211-Introduced.html
STATE OF NEW YORK ________________________________________________________________________ 10211 IN ASSEMBLY March 26, 2018 ___________ Introduced by M. of A. HUNTER -- read once and referred to the Committee on Insurance AN ACT to amend the insurance law, in relation to unclaimed life insur- ance benefits The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. The opening paragraph of paragraph 4 of subsection (h) of 2 section 3240 of the insurance law, as amended by chapter 10 of the laws 3 of 2013, is amended to read as follows: 4 Within [thirty] sixty days of receiving the request referenced in 5 paragraph two of this subsection[, or within forty-five days of receiv-6ing the request where the insurer contracts with another entity to main-7tain the insurer's records,] the insurer shall: 8 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD13951-01-7