STATE OF NEW YORK
________________________________________________________________________
3075
2019-2020 Regular Sessions
IN ASSEMBLY
January 28, 2019
___________
Introduced by M. of A. HUNTER, D. ROSENTHAL, WEPRIN -- 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-
6 ing the request where the insurer contracts with another entity to main-
7 tain 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.
LBD05109-01-9