New York A07689 prohibits insurers from cancelling life insurance policies based on disclosed medical conditions.

New York A07689 amends the insurance law to add a new section prohibiting insurers from rejecting or cancelling life insurance policies based on a medical condition that was disclosed in the application. If an insurer accepts an application that includes a physician's statement or medical records, they cannot subsequently reject or cancel the policy on the grounds of the disclosed medical condition. This act takes effect immediately.

New York A07689 prohibits insurers from cancelling life insurance policies based on disclosed medical conditions.

New York A07689 amends the insurance law to add a new section prohibiting insurers from rejecting or cancelling life insurance policies based on a medical condition that was disclosed in the application. If an insurer accepts an application that includes a physician's statement or medical records, they cannot subsequently reject or cancel the policy on the grounds of the disclosed medical condition. This act takes effect immediately.