STATE OF NEW YORK
________________________________________________________________________
10211
IN ASSEMBLY
March 26, 2018
___________
Introduced by M. of A. HUNTER -- 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.
LBD13951-01-7