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Bill > A01260


NY A01260

NY A01260
Relates to alternative forms of identification for renters insurance, including a municipal identification card, or other state or local government-issued identification card, or a notarized copy of the rental lease signed by the property owner, the property management firm and the insured.


summary

Introduced
01/09/2025
In Committee
05/19/2025
Crossed Over
05/19/2025
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the insurance law, in relation to alternative forms of identification for renters insurance

AI Summary

This bill amends the New York insurance law to provide renters with more flexible options for proving their identity when purchasing renters insurance. Specifically, insurance companies will now be required to accept alternative forms of identification beyond a social security number, including municipal identification cards, other state or local government-issued identification cards, and a notarized copy of a rental lease signed by the property owner, property management firm, and the renter. This change aims to make it easier for individuals who may not have a social security number or traditional forms of identification to obtain renters insurance, potentially helping immigrants, undocumented residents, or others who might face barriers in securing coverage. The bill will take effect immediately upon passage, allowing insurers to implement these new identification requirements right away.

Committee Categories

Business and Industry

Sponsors (7)

Last Action

REFERRED TO INSURANCE (on 05/19/2025)

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