Statute · New York Insurance Law
N.Y. Ins. Law § 3112 — Automatic bank withdrawal agreements; notification required
N.Y. Ins. Law § 3112
- Type
- Statute
- Source
- New York Insurance Law
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
§ 3112. Automatic bank withdrawal agreements; notification required. Any insurer licensed to issue insurance in the state who has an automatic bank withdrawal agreement with an insured for the payment of insurance premiums for any type of insurance shall give the insured at least fifteen days…
Citator
N.Y. Ins. Law § 3112 — Automatic bank withdrawal agreements; notification required is in force in the current edition of the Code, and nothing recorded condemns it.
§ 3112. Automatic bank withdrawal agreements; notification required. Any insurer licensed to issue insurance in the state who has an automatic bank withdrawal agreement with an insured for the payment of insurance premiums for any type of insurance shall give the insured at least fifteen days advance written notice of any increase in policy premiums prior to any automatic bank withdrawal of an increased premium.