Clarifies that residents of the state and any policyholder, contract holder, certificate holder, or beneficiary of a policy, contract, or certificate of life, accident and health insurance may sue an insurer for violations related to misrepresentations, misleading statements and incomplete comparisons.
STATE OF NEW YORK
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10443--A
Cal. No. 482
IN ASSEMBLY
March 6, 2026
___________
Introduced by M. of A. WEPRIN, McDONALD, COOK -- read once and referred
to the Committee on Insurance -- reported and referred to the Commit-
tee on Codes -- reported from committee, advanced to a third reading,
amended and ordered reprinted, retaining its place on the order of
third reading
AN ACT to amend the insurance law, in relation to clarifying the appli-
cation of subsection (d) of section 4226 of such law
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (d) of section 4226 of the insurance law is
2 amended to read as follows:
3 (d) Any such insurer that knowingly violates any provision of this
4 section, or knowingly receives any premium or other compensation in
5 consequence of such violation shall, in addition to any other penalty
6 provided in this chapter, be liable to a penalty in the amount of such
7 premium or compensation, which penalty may be sued for and recovered by
8 any [person] resident of this state and any policyholder, contract hold-
9 er, certificate holder, or beneficiary of a policy, contract, or certif-
10 icate subject to paragraph one of subsection (b) of section three thou-
11 sand two hundred one of this chapter, aggrieved for [his] their own use
12 and benefit, in accordance with the provisions of the civil practice law
13 and rules.
14 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD14975-04-6
