Bill Text: NY A04542 | 2019-2020 | General Assembly | Introduced

Bill Title: Prohibits insurers from cancelling life insurance policies based on a medical condition that was disclosed in the application for insurance.

Spectrum: Partisan Bill (Democrat 27-0)

Status: (Introduced) 2019-02-04 - referred to insurance [A04542 Detail]

Download: New_York-2019-A04542-Introduced.html

                STATE OF NEW YORK
                               2019-2020 Regular Sessions
                   IN ASSEMBLY
                                    February 4, 2019
        Introduced  by  M. of A. COOK, PEOPLES-STOKES, WEPRIN, DINOWITZ, JAFFEE,
          sored  by  -- M. of A. ARROYO, AUBRY, HYNDMAN, MOSLEY -- 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  3242
     2  to read as follows:
     3    §  3242.  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 his agent accepts an application from a person who has provided  such
    11  a  statement  or such medical records, then the insurer and/or his agent
    12  shall be prohibited from  subsequently  rejecting  such  application  or
    13  cancelling  any  policy  issued  on  the  grounds that the insured has a
    14  certain medical condition provided that such condition was disclosed  in
    15  the statement or medical records submitted.
    16    § 2. This act shall take effect immediately.
         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.