· NY legislature · 2025-2026

Relates to requirements for making of policy loans

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.

Sponsor

Vivian Cook (D-NY)

Introduced

2025-03-14

Policy area

Finance and Financial Sector

Latest action

REFERRED TO INSURANCE