New York Laws
Article 78 - Life Settlements
7818 - Nonconforming Contracts.

(b) In any action to recover under the provisions of any life
settlement contract that the superintendent is authorized by this
chapter to approve, if in the superintendent's opinion the provisions of
this chapter are more favorable to owners, the court shall enforce such
contract as if its provisions were the same as those specified in this
chapter unless the court finds that the actual provisions of the
contract were more favorable to owners at the date when the contract was
entered into.

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