Bill
Bill > S05904
NY S05904
NY S05904Prohibits 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
03/22/2021
03/22/2021
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, sex, sexual orientation, educational background, employment status, income level, credit information, and property ownership, when determining algorithms used to construct actuarial tables, coverage terms, premiums, and/or rates. The bill aims to prevent discrimination based on these factors in the pricing and provision of motor vehicle insurance policies.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
REFERRED TO INSURANCE (on 01/05/2022)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S5904 | 03/23/2021 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S05904&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S05904 | 03/23/2021 |
Loading...