New York S05354 amends the insurance law to allow licensed agents and brokers to provide certain services without charging a fee.

New York S05354 amends the insurance law by adding a new paragraph to section 4224. It allows licensed agents and insurance brokers to provide specific services without charging a service fee, provided these services are offered in a fair and nondiscriminatory manner and are incidental to a group or blanket policy or contract. These services include risk assessment, insurance consulting, regulatory updates, claims assistance, tax preparation, and information dissemination. The act takes effect immediately.

New York S05354 amends the insurance law to allow licensed agents and brokers to provide certain services without charging a fee.

New York S05354 amends the insurance law by adding a new paragraph to section 4224. It allows licensed agents and insurance brokers to provide specific services without charging a service fee, provided these services are offered in a fair and nondiscriminatory manner and are incidental to a group or blanket policy or contract. These services include risk assessment, insurance consulting, regulatory updates, claims assistance, tax preparation, and information dissemination. The act takes effect immediately.