S08151 Summary:

BILL NOS08151
 
SAME ASNo Same As
 
SPONSORSEWARD
 
COSPNSRAKSHAR
 
MLTSPNSR
 
Amd §3105, Ins L
 
Requires persons having claims under a life insurance policy to provide reasonable assistance to the insurer in obtaining information relating to misrepresentations made by the insured.
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S08151 Actions:

BILL NOS08151
 
04/09/2018REFERRED TO INSURANCE
05/07/20181ST REPORT CAL.1053
05/08/20182ND REPORT CAL.
05/09/2018ADVANCED TO THIRD READING
06/20/2018COMMITTED TO RULES
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S08151 Committee Votes:

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S08151 Floor Votes:

There are no votes for this bill in this legislative session.
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S08151 Text:



 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          8151
 
                    IN SENATE
 
                                      April 9, 2018
                                       ___________
 
        Introduced  by  Sen.  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 representations by  an
          insured
 
          The  People of the State of New York, represented in Senate and Assem-
        bly, do enact as follows:

     1    Section 1. Subsection (a) of section 3105  of  the  insurance  law  is
     2  amended to read as follows:
     3    (a)  (1)  A  representation is a statement as to past or present fact,
     4  made to the insurer by, or by the authority of, the applicant for insur-
     5  ance or the prospective insured, at or before the making of  the  insur-
     6  ance  contract  as  an  inducement to the making thereof. A misrepresen-
     7  tation is a false representation, and the facts misrepresented are those
     8  facts which make the representation false.
     9    (2) Any person having or claiming a right under a life insurance poli-
    10  cy that (A) provides a death benefit and (B) has  been  in  force  fewer
    11  than  two years following the date of issue or the date of reinstatement
    12  if evidence of  insurability  is  requested,  shall  provide  reasonable
    13  assistance  to  the  insurer  in  obtaining the necessary information to
    14  determine whether a misrepresentation was  made  by  the  applicant  for
    15  insurance or the prospective insured.
    16    § 2. This act shall take effect immediately.
 
 
 
 
 
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD15085-01-8
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