Bill > A02254

This bill restricts insurers from demanding intrusive personal, financial, and tax information from insureds as a standard practice in processing ordinary theft claims, unless there are special circumstances that directly relate to the particular facts of the theft and warrant such a demand to determine if the claim is fraudulent. The bill defines "intrusive requests for personal, financial, and tax information" to include demands for items like copies of the insured's tax returns, licenses, loan applications, bank statements, and other similar private information. The bill aims to prevent insurers from routinely requiring such sensitive information from insureds in the context of standard theft claims where no special circumstances exist.

Business and Industry, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2021/A2254