N.Y. Ins. Law § 2140

Current through 2024 NY Law Chapter 456
Section 2140 - Restrictions on insurance producers procuring immigration bonds
(a) No insurance producer shall require the use of an electronic monitoring device as a condition of immigration bail. For the purposes of this section, an "electronic monitoring device" includes any device that tracks or monitors location, any device that tracks or monitors biometric data, or any device that records or transmits video or audio surveillance data.
(b) No insurance producer shall make a referral to or provide contact information for a legal services provider without:
(1) disclosing in writing, in a language understood by the consumer, whether the insurance producer or an entity that is an affiliate of the insurance producer:
(A) has a financial or ownership interest in the legal services provider;
(B) is receiving any compensation, either directly or indirectly, for making a referral to or providing contact information for the legal services provider; or
(C) is compensating, either directly or indirectly, the legal services provider for the legal services rendered; and
(2) stating that: "The payment of premiums to the insurance producer is not for and does not guarantee that you will receive legal representation. Using this legal services provider is not a requirement of bail. If you choose to hire this legal services provider, you have the right to fire the provider at any time and retain your own counsel."
(c) Any agreement, or portion thereof, entered into requiring the waiving of the requirements of this section or otherwise in violation of this section shall be void and unenforceable.

N.Y. Ins. Law § 2140

Added by New York Laws 2022, ch. 673,Sec. 2, eff. 2/7/2023.