ยง 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.
Structure New York Laws
Article 31 - Insurance Contracts - General
3101 - Simplified Comprehensive Policies of Insurance.
3102 - Requirements for the Use of Readable and Understandable Insurance Policies.
3103 - Non-Conforming Contracts.
3104 - Contract Provisions Required by Laws of Other Jurisdictions.
3105 - Representations by the Insured.
3106 - Warranty Defined; Effect of Breach.
3107 - Sale of Insurance Policies by Vending Machine.
3108 - Reinsurance Contracts Excepted.
3109 - False Statements in Applications for Membership in Fraternal Benefit Societies.
3110 - Withdrawal of Any Policy Form.
3111 - Special Provisions Relating to Senior Citizens.
3112 - Automatic Bank Withdrawal Agreements; Notification Required.