New York 2025-2026 Regular Session

New York Senate Bill S09746

Introduced
4/2/26  

Caption

Clarifies that certain prohibitions on insurance companies relating to misrepresentations, misleading statements and incomplete comparisons shall apply to policies or contracts purchased and delivered or issued for delivery in the state of New York.

Impact

If enacted, S09746 will impact the way insurance companies operate within New York by imposing stricter regulations on how they present their policies to consumers. Insurers will need to ensure that any promotional material or comparisons they provide are not only accurate but also complete. This legislative change seeks to protect consumers from potential confusion and deception when purchasing insurance, which has often been a concern in the industry. The provisions for possible penalties for violations reinforce the seriousness of these requirements.

Summary

Bill S09746 aims to clarify existing prohibitions on insurance companies related to misrepresentations, misleading statements, and incomplete comparisons pertaining to insurance policies and contracts sold in New York. The bill focuses particularly on life, accident, and health insurance. It mandates that any comparison of policies must conform to standards set by the state's superintendent of insurance. This legislation intends to enhance transparency for consumers by holding insurers accountable for providing accurate and complete information about their products.

Contention

Notable points of contention may arise from the insurance industry itself, as there may be pushback against the perceived increase in regulatory burden. Insurers may argue that the additional requirements could hinder their ability to market products effectively. Furthermore, questions about the feasibility of implementing these standards in a manner that does not unduly restrict competition or innovation in the insurance market could arise among stakeholders. Balancing consumer protection with industry flexibility will be a crucial aspect of discussions surrounding this bill.

Companion Bills

NY A10443

Same As Clarifies that residents of the state and any policyholder, contract holder, certificate holder, or beneficiary of a policy, contract, or certificate of life, accident and health insurance may sue an insurer for violations related to misrepresentations, misleading statements and incomplete comparisons.

Previously Filed As

NY A10443

Clarifies that residents of the state and any policyholder, contract holder, certificate holder, or beneficiary of a policy, contract, or certificate of life, accident and health insurance may sue an insurer for violations related to misrepresentations, misleading statements and incomplete comparisons.

NY S07287

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.

NY A07906

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.

NY S02130

Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

NY A02245

Enacts the "New York small contractor relief act"; defines terms; authorizes a small contractor captive insurance company to purchase, and the New York state insurance fund shall be authorized and directed to provide, reinsurance and retrocession reinsurance for such captive insurance company, on either a quota share arrangement or facultative arrangement at a rate to be determined by the board of the fund; provides that a small contractor captive insurance company organized pursuant to this article shall not refuse to issue, renew or cancel a policy of any qualified small construction contractor based upon geographic location or line of business engaged in by such contractor; makes related provisions.

NY S06845

Requires third-party food delivery services to verify that limited-use motorcycles operated by workers in the course of making deliveries for such third-party delivery service are legally registered; requires that a third-party food delivery service shall not sell, share, or allow access to such information.

NY S09633

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.

NY S00139

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.

NY A01823

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.

NY A05858

Requires third-party food delivery services to verify that limited-use motorcycles and motor vehicles operated by workers in the course of making deliveries for such third-party delivery service are legally registered; requires that a third-party food delivery service shall not sell, share, or allow access to such information.

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