NY-DFS New Policy Payment and Cancellation Rules
Posted: April 6, 2020
NY-DFS New Policy Payment and Cancellation Rules04/06/2020 Dear Policyholder, A recent Executive Order issued by Governor Cuomo, together with recent amendments to the insurance and banking regulations (the “regulations”) issued by the New York State Department of Financial Services (“Department”) extend grace periods and give you other rights under your life insurance policy or annuity contract if you can demonstrate financial hardship as a result of the novel coronavirus (“COVID?19”) pandemic....