Bill
Bill > A03082
NY A03082
NY A03082Prohibits 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
01/22/2021
01/22/2021
In Committee
01/05/2022
01/05/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 General Assembly
Bill Summary
Prohibits 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.
AI Summary
This bill prohibits motor vehicle insurers from using certain socioeconomic factors, such as age, marital status, education level, income, and credit information, to determine the algorithms, actuarial tables, coverage terms, premiums, and rates for their insurance policies. The bill aims to prevent discrimination based on these socioeconomic factors and ensure that insurance coverage is priced and provided equitably, regardless of an individual's socioeconomic status.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
referred to insurance (on 01/05/2022)
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://www.nysenate.gov/legislation/bills/2021/A3082 | 01/23/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=A03082&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A03082 | 01/23/2021 |
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