The Law of Life Insurance: New York - Goldberg Segalla

person’s life. New York Ins. Law §3205(b)(2). For an individual to obtain insurance on his own life, he or she must be of “lawful age.” N.Y. Ins. Law §3205(b) (1). New York Insurance Law dictates that a minor older than fourteen years and six months may obtain a life insurance policy on his or her own life so long ................
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