Bill
Bill > A07040
NY A07040
NY A07040Prohibits motor vehicle insurers from discrimination on the basis of socioeconomic factors in determining algorithms used to construct actuarial tables, coverage terms, premiums and/or rates.
summary
Introduced
04/03/2019
04/03/2019
In Committee
01/08/2020
01/08/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to prohibiting motor vehicle insurers from discriminating based on socioeconomic factors The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1
AI Summary
This bill prohibits motor vehicle insurers from using certain socioeconomic factors, such as age, marital status, education level, income, and credit information, when determining algorithms, coverage terms, premiums, and rates. The bill aims to prevent insurers from discriminating against individuals based on their socioeconomic status when providing motor vehicle insurance policies.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
referred to insurance (on 01/08/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://assembly.state.ny.us/leg/?default_fld=&bn=A07040&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y | 04/05/2019 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A07040&term=2019&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A07040 | 04/05/2019 |
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