New York A11110 adjusts fixed dollar amounts in insurance statutes to inflation, allows changes to compensation plans, removes obsolete language, and.
New York A11110 amends the insurance law by indexing fixed dollar amounts to inflation, authorizing changes to compensation plans, removing obsolete language, and eliminating unnecessary filing requirements for certain life insurance and annuity businesses. The bill adjusts the cumulative maximum training allowance subsidy limits based on the annual minimum wage. It also allows companies to make changes to compensation plans, provided they meet certain criteria. Additionally, the bill removes outdated language and eliminates unnecessary filing requirements for certain businesses.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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