Bill
Bill > S05890
NY S05890
Authorizes life insurers to establish wellness programs in conjunction with the issuance of life insurance policies; provides for full or partial reimbursement for the cost of a device and associated subscription that can be used to track activity or biometric data; provides for discounts on life insurance and on products or services intended to incent positive behavioral changes.
summary
Introduced
03/21/2023
03/21/2023
In Committee
05/22/2023
05/22/2023
Crossed Over
05/30/2023
05/30/2023
Passed
12/12/2023
12/12/2023
Dead
Signed/Enacted/Adopted
12/22/2023
12/22/2023
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to authorizing life insurers to establish wellness programs
AI Summary
This bill authorizes life insurers to establish wellness programs in conjunction with the issuance of life insurance policies. The bill provides for full or partial reimbursement for the cost of a device and associated subscription that can be used to track activity or biometric data. It also allows for discounts on life insurance premiums and on products or services intended to incentivize positive behavioral changes that improve the health or reduce the risk of death of the insured.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
APPROVAL MEMO.88 (on 12/22/2023)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...