New York A05081 amends insurance law to clarify that certain services are not considered rebates unless they were the sole reason for purchasing an.

New York A05081 amends the insurance law to specify that certain services offered during the sale or renewal of an insurance policy will not be considered a rebate if they are offered non-discriminatorily to all similarly situated insureds. These services will only be considered a rebate if the superintendent determines that they were the sole reason for purchasing the policy. The changes will take effect 60 days after the law is enacted.

New York A05081 amends insurance law to clarify that certain services are not considered rebates unless they were the sole reason for purchasing an.

New York A05081 amends the insurance law to specify that certain services offered during the sale or renewal of an insurance policy will not be considered a rebate if they are offered non-discriminatorily to all similarly situated insureds. These services will only be considered a rebate if the superintendent determines that they were the sole reason for purchasing the policy. The changes will take effect 60 days after the law is enacted.