Assembly Bill A3420

2021-2022 Legislative Session

Prohibits insurers from cancelling life insurance policies where certain medical information is provided to the insurer at the time of application

download bill text pdf

Sponsored By

Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2021-A3420 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3244, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A3343
2011-2012: A1858
2013-2014: A5638
2015-2016: A6013
2017-2018: A2063
2019-2020: A4542
2023-2024: A5998

2021-A3420 (ACTIVE) - Summary

Prohibits insurers from cancelling life insurance policies based on a medical condition that was disclosed in the application for insurance.

2021-A3420 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3420
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 26, 2021
                                ___________
 
 Introduced  by  M.  of A. COOK, PEOPLES-STOKES, WEPRIN, DINOWITZ, SIMON,
   COLTON,  BICHOTTE HERMELYN,  EPSTEIN,  ABINANTI,  GOTTFRIED,  HYNDMAN,
   RODRIGUEZ, TAYLOR, REYES, BUTTENSCHON, GRIFFIN, WILLIAMS, FERNANDEZ --
   Multi-Sponsored  by  --  M.  of  A.  AUBRY,  PRETLOW  -- read once and
   referred to the Committee on Insurance

 AN ACT to amend the insurance law, in relation to  the  cancellation  of
   life insurance policies
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1.  The insurance law is amended by adding a new section  3244
 to read as follows:
   §  3244.  CANCELLATION OF LIFE INSURANCE POLICIES. NOTWITHSTANDING ANY
 PROVISION OF LAW TO THE CONTRARY, ANY PERSON WHO MAKES APPLICATION FOR A
 POLICY OF LIFE INSURANCE ISSUED UNDER THE  PROVISIONS  OF  THIS  CHAPTER
 SHALL  SUBMIT  TO THE INSURER OR AN AGENT OF THE INSURER, AT THE TIME OF
 SUCH APPLICATION, A STATEMENT FROM  A  PHYSICIAN  LICENSED  TO  PRACTICE
 MEDICINE  UNDER  THE  LAWS OF THIS STATE, OR THE MEDICAL RECORDS OF SUCH
 PERSON, WHICH CONTAIN THE MEDICAL HISTORY OF SUCH PERSON. IF THE INSURER
 OR HIS AGENT ACCEPTS AN APPLICATION FROM A PERSON WHO HAS PROVIDED  SUCH
 A  STATEMENT  OR SUCH MEDICAL RECORDS, THEN THE INSURER AND/OR HIS AGENT
 SHALL BE PROHIBITED FROM  SUBSEQUENTLY  REJECTING  SUCH  APPLICATION  OR
 CANCELLING  ANY  POLICY  ISSUED  ON  THE  GROUNDS THAT THE INSURED HAS A
 CERTAIN MEDICAL CONDITION PROVIDED THAT SUCH CONDITION WAS DISCLOSED  IN
 THE STATEMENT OR MEDICAL RECORDS SUBMITTED.
   § 2. This act shall take effect immediately.
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD07700-01-1

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