S T A T E O F N E W Y O R K
________________________________________________________________________
2063
2017-2018 Regular Sessions
I N A S S E M B L Y
January 17, 2017
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Introduced by M. of A. COOK, ORTIZ, DINOWITZ, CRESPO, JAFFEE, COLTON,
WEPRIN, HOOPER, SIMON, BICHOTTE -- Multi-Sponsored by -- M. of A.
ARROYO, AUBRY, HYNDMAN, MOSLEY, TITONE -- read once and referred to
the Committee on Insurance
AN ACT to amend the insurance law, in relation to the cancellation of
life insurance policies
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The insurance law is amended by adding a new section 3242
to read as follows:
§ 3242. CANCELLATION OF LIFE INSURANCE POLICIES. NOTWITHSTANDING ANY
PROVISION OF LAW TO THE CONTRARY, ANY PERSON WHO MAKES APPLICATION FOR A
POLICY OF LIFE INSURANCE ISSUED UNDER THE PROVISIONS OF THIS CHAPTER
SHALL SUBMIT TO THE INSURER OR AN AGENT OF THE INSURER, AT THE TIME OF
SUCH APPLICATION, A STATEMENT FROM A PHYSICIAN LICENSED TO PRACTICE
MEDICINE UNDER THE LAWS OF THIS STATE, OR THE MEDICAL RECORDS OF SUCH
PERSON, WHICH CONTAIN THE MEDICAL HISTORY OF SUCH PERSON. IF THE INSURER
OR HIS AGENT ACCEPTS AN APPLICATION FROM A PERSON WHO HAS PROVIDED SUCH
A STATEMENT OR SUCH MEDICAL RECORDS, THEN THE INSURER AND/OR HIS AGENT
SHALL BE PROHIBITED FROM SUBSEQUENTLY REJECTING SUCH APPLICATION OR
CANCELLING ANY POLICY ISSUED ON THE GROUNDS THAT THE INSURED HAS A
CERTAIN MEDICAL CONDITION PROVIDED THAT SUCH CONDITION WAS DISCLOSED IN
THE STATEMENT OR MEDICAL RECORDS SUBMITTED.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD05651-01-7