Bill > A01450

This bill amends the New York insurance law to restrict insurance companies from demanding intrusive personal, financial, and tax information when processing standard theft claims. Specifically, insurers are prohibited from requesting such information unless they can demonstrate "special articulable circumstances" directly related to the specific theft claim that suggest potential fraud. The bill defines intrusive information as including personal and business tax returns, professional permits, loan applications, voter registration details, bank statements, business incorporation documents, and other similar private materials. If an insurer requests such information without valid justification, it would be considered an unfair claim settlement practice under existing insurance law. The legislation aims to protect insureds' privacy by preventing insurers from routinely demanding extensive personal documentation during routine theft claim investigations. The bill will take effect on the first day of January following its passage, with provisions allowing immediate preparation of necessary regulations to implement the new restrictions.

Business and Industry, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A1450