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S03637 Summary:

S03637 Actions:

S03637 Committee Votes:

S03637 Floor Votes:

S03637 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          3637
 
                               2019-2020 Regular Sessions
 
                    IN SENATE
 
                                    February 11, 2019
                                       ___________
 
        Introduced  by  Sens. BRESLIN, SEWARD -- read twice and ordered printed,
          and when printed to be committed 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