state_legiscan_drain · NY
Indexes fixed dollar amounts in the statute to inflation, authorizes changes to compensation plans, removes obsolete language, and removes unnecessary filing requirements for certain life insurance and annuity businesses.
April 22, 2026
Summary
If enacted, this bill would index fixed dollar amounts in New York insurance law to inflation, authorize changes to compensation plans for life insurance and annuity producers, and remove obsolete language and unnecessary filing requirements. This affects life insurers, annuity providers, and insurance agents by reducing administrative burdens and adjusting thresholds automatically.
AI-generated summary · Jun 8, 2026. Verify with your compliance counsel before acting.
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Source: https://www.nysenate.gov/legislation/bills/2025/S10017
Common questions
- What does "Indexes fixed dollar amounts in the statute to inflation, authorizes changes to compensation plans, removes obsolete language, and removes unnecessary filing requirements for certain life insurance and annuity businesses." cover?
- If enacted, this bill would index fixed dollar amounts in New York insurance law to inflation, authorize changes to compensation plans for life insurance…
- When was it published?
- It was published on April 22, 2026.
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