New York · 2025 Regular Session · Bill
S 3862: Relates to requirements for making of policy loans
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 3862 is a bill introduced in the New York Senate on January 30, 2025. According to its official title, it concerns: Relates to requirements for making of policy loans. Primary sponsor: Leroy Comrie (Democratic). It lists 1 additional sponsor. Most recent recorded action (January 7, 2026): REFERRED TO INSURANCE.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
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.
Sponsors
Sponsors by party (alphabetical): Democratic 2
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Leroy Comrie | Primary sponsor | Democratic | Senate | 14 |
| Zellnor Myrie | Co-sponsor | Democratic | Senate | 20 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- REFERRED TO INSURANCE
- REFERRED TO INSURANCE