New York Senate Bill 3862: Relates to requirements for making of policy loans

New York · 2025-2026 session

Status: In committee

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 (2026-01-07)

See how S 3862 affects you on CapitolKey

Browse more bills · CapitolKey home