New York A07234 amends the general business law to regulate limited death benefit life insurance policies for persons aged 60 and over.

New York A07234 amends the general business law by adding a new article 30-C, titled "Financial Review Requirement for Limited Death Benefit Life Insurance Policies for Persons Aged Sixty and Over." This bill requires insurers to provide consumers with a "Financial Review of Policy" form when delivering or issuing for delivery in the state an insurance policy or certificate of insurance for persons aged 60 and over. The form must be at least ten point in size and include complete information.

New York A07234 amends the general business law to regulate limited death benefit life insurance policies for persons aged 60 and over.

New York A07234 amends the general business law by adding a new article 30-C, titled "Financial Review Requirement for Limited Death Benefit Life Insurance Policies for Persons Aged Sixty and Over." This bill requires insurers to provide consumers with a "Financial Review of Policy" form when delivering or issuing for delivery in the state an insurance policy or certificate of insurance for persons aged 60 and over. The form must be at least ten point in size and include complete information.