New York S09746 clarifies that residents and policyholders can sue insurers for misrepresentations and misleading statements.
New York S09746 amends the insurance law to clarify that residents of the state and any policyholder, contract holder, certificate holder, or beneficiary of a policy, contract, or certificate of life, accident, and health insurance can sue an insurer for violations related to misrepresentations, misleading statements, and incomplete comparisons. This change ensures that those affected by such violations have the legal right to seek penalties from the insurer.
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