New York Assembly Bill A07689 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 7689 2025-2026 Regular Sessions  IN ASSEMBLY April 4, 2025 ___________ Introduced by M. of A. COOK, PEOPLES-STOKES, WEPRIN, DINOWITZ, SIMON, COLTON, BICHOTTE HERMELYN, EPSTEIN, HYNDMAN, TAYLOR, REYES, BUTTENS- CHON, WILLIAMS, JACKSON, LUNSFORD, LAVINE -- 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: 1 Section 1. The insurance law is amended by adding a new section 3246 2 to read as follows: 3 § 3246. Cancellation of life insurance policies. Notwithstanding any 4 provision of law to the contrary, any person who makes application for a 5 policy of life insurance issued under the provisions of this chapter 6 shall submit to the insurer or an agent of the insurer, at the time of 7 such application, a statement from a physician licensed to practice 8 medicine under the laws of this state, or the medical records of such 9 person, which contain the medical history of such person. If the insurer 10 or such insurer's agent accepts an application from a person who has 11 provided such a statement or such medical records, then the insurer 12 and/or such insurer's agent shall be prohibited from subsequently 13 rejecting such application or cancelling any policy issued on the 14 grounds that the insured has a certain medical condition provided that 15 such condition was disclosed in the statement or medical records submit- 16 ted. 17 § 2. This act shall take effect immediately. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD09347-01-5