Bill > S05354

This bill amends the New York insurance law to clarify the services that licensed insurance agents and brokers can provide without charging additional fees, as long as these services are offered fairly and are incidental to a group or blanket insurance policy. Specifically, the bill allows agents and brokers to provide services such as risk assessment, insurance consulting, regulatory updates, limited claims assistance, tax preparation related to employee benefit plans, information sharing about group insurance policies, COBRA (Consolidated Omnibus Budget Reconciliation Act) administrative services like billing former employees, and certain services related to the Health Insurance Portability and Accountability Act (HIPAA). These services must be provided without an extra charge and in a non-discriminatory manner, and they are intended to help support employers and employees in managing their insurance benefits more effectively. The bill aims to provide more flexibility for insurance professionals in supporting their clients while ensuring transparency and fairness in service provision.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S5354