New York S05044 allows insurers to offer non-insurance benefits with group life or health insurance policies.
New York S05044 amends the insurance law to permit insurers to offer certain non-insurance benefits or services as part of group life or group or blanket accident and health insurance policies. These benefits may include financial and estate planning services, financial counseling, travel assistance, grief counseling, funeral planning, identity theft services, and other approved benefits. The bill mandates that any such benefits must be disclosed in the policy and certificate and be made available to similarly-situated members of the group.
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