New York S07286 aims to limit regulations on term life insurance suitability information.
New York S07286 amends the insurance law to restrict the superintendent from imposing regulations on term life insurance suitability information. The bill specifies that such information should be limited to age and annual income. Any existing regulations contrary to this provision are nullified, and the superintendent must amend them accordingly. This aims to facilitate the availability of term life insurance policies in New York.
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