Limits certain regulations or orders promulgated by the superintendent; provides that the department of financial services shall issue a report on the effects that its suitability and best interest in life insurance and annuity transaction regulations have had on the term life insurance market.
Allows the department of financial services to have additional oversight of banks and insurance companies that are not currently licensed in this state; provides penalties for violations.
Provides for the establishment of residential home safety and loss prevention courses certified by the superintendent of financial services; requires insurers to provide actuarially appropriate discounts on fire and homeowners insurance premiums to those homeowners who have completed a residential home safety and loss prevention course; directs the superintendent of financial services to promulgate such rules and regulations as are necessary to implement such program and specifies certain matters which must be included in such rules and regulations; requires the superintendent of financial services to issue a report thereon.
Requires bicycle delivery contractors to provide personal injury liability insurance to compensate persons injured by a bicycle delivery worker and to provide notice to delivery workers that the contractor provides personal injury liability insurance; authorizes the superintendent of financial services to promulgate rules and regulations.
Requires bicycle delivery contractors to provide personal injury liability insurance to compensate persons injured by a bicycle delivery worker and to provide notice to delivery workers that the contractor provides personal injury liability insurance; authorizes the superintendent of financial services to promulgate rules and regulations.
Provides that persons engaged in activity for which a license or other authorization from the superintendent of financial services is required under the banking law or financial services law will be subject to a civil penalty.
Provides that every insurance policy delivered or issued for delivery in New York which provides major medical or similar comprehensive-type coverage shall provide space on any enrollment, renewal or initial online portal process forms so that the insured or applicant for insurance shall register or decline registration in the donate life registry.