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Bill > A00830


NY A00830

NY A00830
Prohibits the imposition of different premium rates for disability insurance based on gender.


summary

Introduced
01/08/2025
In Committee
01/08/2025
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the insurance law, in relation to prohibiting the imposition of different rates for premiums for the provision of disability insurance

AI Summary

This bill amends the New York insurance law to prohibit insurers from charging different disability insurance premium rates based on an individual's gender. Specifically, the legislation applies to individual, group, and blanket disability insurance policies in New York State, making it illegal for insurance companies to set varying premium prices for men and women. The bill will take effect on January 1st of the year following its passage and will apply to all disability insurance policies that are issued, renewed, modified, altered, or amended on or after that date. This change aims to eliminate gender-based pricing discrimination in disability insurance, ensuring that individuals are not charged different rates solely because of their gender, which could potentially help promote more equitable insurance pricing.

Committee Categories

Business and Industry

Sponsors (5)

Last Action

referred to insurance (on 01/08/2025)

bill text


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