N.Y. Comp. Codes R. & Regs. tit. 11 § 229.4

Current through Register Vol. 46, No. 50, December 11, 2024

Section 229.4 - Prohibited practices

With regard to a policyholder who does not make a timely premium payment and can demonstrate financial hardship as a result of the COVID-19 pandemic, an insurer shall not:

(a) impose any late fees relating to such premium payment; or

(b) report the policyholder to a credit reporting agency or refer the policyholder to a debt collection agency with respect to such premium payment.

N.Y. Comp. Codes R. & Regs. Tit. 11 § 229.4