New York bills · 2025 Regular Session
New York S 3862
Relates to requirements for making of policy loans
- Introduced
- In committee
- Passed Senate
- Passed House
- To Governor
- Became law
Sponsors
- Leroy Comrie (Democratic)
Cosponsors (1)
- Zellnor Myrie (Democratic)
Summary
Official abstract published by the New York legislature
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.
Text versions
Roll-call votes
No recorded votes on this bill.
Actions
- Jan 7, 2026 · Senate
REFERRED TO INSURANCE - Jan 30, 2025 · Senate
REFERRED TO INSURANCE