States / New York / S 3862

S 3862 In Committee

Relates to requirements for making of policy loans

Introduced
In Committee
Floor
Crossed Over
Passed
Enacted

Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder.

Chamber
Senate
Introduced
Jan 30, 2025
Last action
Jan 7, 2026 — REFERRED TO INSURANCE
Session
2025-2026
Momentum
29 · Low