What's happening
This bill prohibits life insurers from rejecting or cancelling policies based on disclosed medical conditions provided at application.
Why it matters
Protects individuals with pre-existing conditions. by ensuring that life insurers cannot later use disclosed medical information as a reason to reject or cancel a policy, increasing access to coverage for those with health issues.
Strengthens consumer confidence. in the application process, as applicants can be more forthcoming about their medical history without fear of future penalty or loss of coverage.
Reduces uncertainty and instability. for policyholders, since once a policy is issued based on disclosed information, the insurer cannot revisit or rescind coverage due to those disclosed conditions, improving long-term financial planning for families.
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Who cares
Headline styles
Stop Insurers Canceling Policies
Plain English, a few words. Used as the page title.
Sponsors
23 Co-sponsors
- Crystal Peoples-Stokes
- David Weprin
- Jeffrey Dinowitz
- Ellen C. Jaffee
- Marcos Crespo
- Felix Ortiz
- Jo Anne Simon
- William Colton
- Rodneyse Bichotte Hermelyn
- Tremaine Wright
- Anthony D'Urso
- Harvey Epstein
- Thomas Abinanti
- Richard Gottfried
- Alicia Hyndman
- Robert J. Rodriguez
- Al Taylor
- Karines Reyes
- Marianne Buttenschon
- Judy Griffin
- Nathalia Fernandez
- Jaime R. Williams
- Carmen E. Arroyo
3 Multi-sponsors
History
- Referred to insurance
- Referred to insurance
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
4542
2019-2020 Regular Sessions
IN ASSEMBLY
February 4, 2019
Introduced by M. of A. COOK, PEOPLES-STOKES, WEPRIN, DINOWITZ, JAFFEE, CRESPO, ORTIZ, SIMON, COLTON, BICHOTTE, WRIGHT, D'URSO -- Multi-Sponsored by -- M. of A. ARROYO, AUBRY, HYNDMAN, MOSLEY -- read once and referred to the Committee on Insurance
AN ACT to amend the insurance law, in relation to the cancellation of life insurance policies
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The insurance law is amended by adding a new section 3242 to read as follows:
§ 3242. Cancellation of life insurance policies. Notwithstanding any provision of law to the contrary, any person who makes application for a policy of life insurance issued under the provisions of this chapter shall submit to the insurer or an agent of the insurer, at the time of such application, a statement from a physician licensed to practice medicine under the laws of this state, or the medical records of such person, which contain the medical history of such person. If the insurer or his agent accepts an application from a person who has provided such a statement or such medical records, then the insurer and/or his agent shall be prohibited from subsequently rejecting such application or cancelling any policy issued on the grounds that the insured has a certain medical condition provided that such condition was disclosed in the statement or medical records submitted.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD07986-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.