New York A04173 allows companies to evaluate various insurance quotes without needing binding agreements with insurance brokers.

New York A04173 amends the insurance law by adding a new subsection that exempts companies from needing binding agreements with insurance brokers when examining, appraising, reviewing, or evaluating insurance policies, bonds, annuities, pensions, or profit-sharing contracts. This change aims to provide companies with more flexibility in assessing different insurance options. The amendment will take effect 60 days after becoming law.

New York A04173 allows companies to evaluate various insurance quotes without needing binding agreements with insurance brokers.

New York A04173 amends the insurance law by adding a new subsection that exempts companies from needing binding agreements with insurance brokers when examining, appraising, reviewing, or evaluating insurance policies, bonds, annuities, pensions, or profit-sharing contracts. This change aims to provide companies with more flexibility in assessing different insurance options. The amendment will take effect 60 days after becoming law.