New York Assembly Bill 6833: Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder.

New York · 2025-2026 session

What it does

Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder.

Latest action

REFERRED TO INSURANCE (2026-03-04)

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