Bill > A10015

This bill amends the insurance law in New York to regulate the use of telematics systems by automobile insurers. Telematics systems refer to technology that monitors, stores, and transmits information about a vehicle's location, driver behavior, engine performance, and other vehicle activity. The key provisions of the bill require insurers and third-party telematics providers to: (1) explain how the factors used in their models or algorithms are connected to risk, (2) publicly disclose their scoring methodologies, (3) report on testing to ensure the telematics system does not result in discrimination against protected classes, and (4) allow consumers to access the data collected by the telematics system. The bill also prohibits the use of telematics data for any purpose other than underwriting and rating decisions, and prohibits unfair discrimination based on protected characteristics.