Bill > A01273

This bill aims to prohibit motor vehicle insurers in New York from using various socioeconomic factors when determining insurance rates, coverage terms, and actuarial tables. Specifically, the bill would prevent insurers from considering factors such as age, marital status, sex, sexual orientation, educational background, employment status, income level, credit information, property ownership, and other indicators of socioeconomic status when setting insurance premiums or making coverage decisions. The legislation would make it unlawful for insurers to use these factors to adjust algorithms for calculating insurance costs, discriminate between individuals in premium rates or coverage terms, charge different premiums to similar individuals, or refuse to issue or renew policies. The bill broadly defines "sex" to include gender identity or expression, and provides specific definitions aligned with existing executive law. By implementing these restrictions, the bill seeks to prevent potential discriminatory practices in the motor vehicle insurance industry that could unfairly impact individuals based on their socioeconomic characteristics.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A1273