Relates to requirements for making of policy loans
Summary
Requires the terms and conditions of any individual life insurance policy loan to be in writing, be signed by the insured and the agent and contain a signed statement that the agent has explained the terms to the policyholder.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2021
Committee Review
Floor Vote
Governor
Introduced Jan 26, 2021
Last action Jan 5, 2022
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
2
Jan 5, 2022
Committee
REFERRED TO INSURANCE
lower
Jan 26, 2021
Committee
REFERRED TO INSURANCE
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Vivian Cook
DDemocratic
Ask Maddy
·
AI policy assistant
Ask Maddy about A 3385
Scope: NY
Hi! I can help you understand A 3385. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline