Law on signs of Governor Cuomo, focusing on life insurance into lawA new law in New York will ensure that consumers will get to keep the life insurance policy if the insurer of their release to go out of business. The legislation was signed into law by Governor Andrew Cuomo, who believe that the law is needed to ensure that consumers hold back the coverage that they rely on. Typically, if an insurance company goes out of business, it is the responsibility of the policy becomes invalid, unless they are bought by other insurance providers.The new law could help give consumers peace of mindSenate Committee Chairman James insurance Seward noted that consumers often believe that their insurance provider will "stand the test of time" when they buy books. This is not always the case, however, is business that the climate problem can cause major problems for the insurance company. The life insurance industry has experienced some difficulties in recent years, especially the few who see the value of the life insurance coverage and options to avoid this policy. Seward notes that the new law will provide consumers with some peace of mind if they provide coverage to go out of business.The New York Fund help with insurance benefits ran out of money
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