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A09458 Summary:

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A09458 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                         9458--A
 
                   IN ASSEMBLY
 
                                     April 30, 2014
                                       ___________
 
        Introduced by M. of A. CAHILL -- read once and referred to the Committee
          on  Insurance -- committee discharged, bill amended, ordered reprinted
          as amended and recommitted to said committee
 
        AN ACT to amend the insurance law, to allow for certain  life  insurance
          policy provisions to be disclosed in an alternative, equally prominent
          manner
 

          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  (c)  of
     2  section 3201 of the insurance law is amended to read as follows:
     3    The  superintendent  shall  not approve any life insurance policy form
     4  containing any war or travel exclusion or restriction, for  delivery  or
     5  issuance  for delivery in this state, unless such policy form shall have
     6  printed or stamped across its face in red and  in  capital  letters  not
     7  smaller than twelve point type, or in an equally prominent manner estab-
     8  lished  at  the discretion of the superintendent and promulgated through
     9  regulations, the following:
    10    § 2. This act shall take effect immediately.
 
 
 
 
 
 

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD09743-02-4