New York A 7266: Relates to non-insurance benefits

Bill Text

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A07266 Summary:

BILL NOA07266 

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SAME ASSAME AS S05044

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SPONSORPretlow

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COSPNSR

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MLTSPNSR

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Add §3246, amd §4224, Ins L

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Relates to authorizing non-insurance benefits or services to be offered as part of group life or group or blanket accident or health insurance policies.

Go to top A07266 Actions:

BILL NOA07266 

&nbsp

03/21/2025referred to insurance

01/07/2026referred to insurance

Go to topA07266 Committee&nbspVotes:

Go to topA07266 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topA07266 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 7266

 2025-2026 Regular Sessions

 IN ASSEMBLY

 March 21, 2025
 ___________

 Introduced by M. of A. PRETLOW -- read once and referred to the Commit-
 tee on Insurance

 AN ACT to amend the insurance law, in relation to authorizing non-insu-
 rance benefits or services to be offered as part of a group life or
 group or blanket accident and health insurance policy

 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. Non-insurance benefits and services as part of a policy or
 4 certificate of group life or group or blanket accident and health insur-
 5 ance. (a) An insurer licensed to write life insurance and accident and
 6 health insurance may include certain non-insurance benefits or services
 7 in conjunction with its issuance of a group life insurance or group or
 8 blanket accident and health insurance policy. If included, such non-in-
 9 surance benefits or services shall be made available to similarly-situ-
 10 ated members of the group. Any non-insurance benefits or services made
 11 available under the policy shall be set forth in the policy and the
 12 certificate.
 13 (b) Non-insurance benefits and services permitted under this section
 14 shall include, but not be limited to, the following:
 15 (1) financial and estate planning services;
 16 (2) financial counseling for beneficiaries;
 17 (3) travel assistance services;
 18 (4) grief counseling services;
 19 (5) funeral planning services;
 20 (6) identity theft services; and
 21 (7) any other benefit or service that may be approved by the super-
 22 intendent.

 EXPLANATION--Matter in italics (underscored) is new; matter in brackets
 [ ] is old law to be omitted.
 LBD09391-01-5

 A. 7266 2

 1 (c) Any entity providing non-insurance benefits or services permitted
 2 under this section must be appropriately licensed to provide such bene-
 3 fits or services.
 4 (d) The superintendent may adopt rules to regulate the disclosure in
 5 the policy and certificate related to the non-insurance benefits or
 6 services permitted under this section and included in the policy.
 7 § 2. Subsection (c) of section 4224 of the insurance law, as amended
 8 by chapter 496 of the laws of 2013, is amended to read as follows:
 9 (c) Except as permitted by section three thousand two hundred thirty-
 10 nine or three thousand two hundred forty-six of this chapter or
 11 subsection (f) of this section, no such life insurance company and no
 12 such savings and insurance bank and no officer, agent, solicitor or
 13 representative thereof and no such insurer doing in this state the busi-
 14 ness of accident and health insurance and no officer, agent, solicitor
 15 or representative thereof, and no licensed insurance broker and no
 16 employee or other representative of any such insurer, agent or broker,
 17 shall pay, allow or give, or offer to pay, allow or give, directly or
 18 indirectly, as an inducement to any person to insure, or shall give,
 19 sell or purchase, or offer to give, sell or purchase, as such induce-
 20 ment, or interdependent with any policy of life insurance or annuity
 21 contract or policy of accident and health insurance, any stocks, bonds,
 22 or other securities, or any dividends or profits accruing or to accrue
 23 thereon, or any valuable consideration or inducement whatever not speci-
 24 fied in such policy or contract other than any valuable consideration,
 25 including but not limited to merchandise or periodical subscriptions,
 26 not exceeding twenty-five do