Bill > S05267

This bill amends the New York insurance law to prohibit property and casualty insurers from discriminating against individuals based on an expanded list of personal characteristics, which now includes age, marital status, sex, sexual orientation, education background, employment status, occupation, income level, consumer credit information, property ownership, residence location, and residence type. The bill broadens existing anti-discrimination provisions to prevent insurers from making distinctions in insurance policy premiums, rates, terms of coverage, policy issuance, or agent commissions based on these characteristics. Additionally, the bill explicitly makes it unlawful for insurers to incorporate these factors into actuarial algorithms or equations used to determine insurance coverage costs. The new provisions aim to prevent insurers from using potentially discriminatory factors when making underwriting decisions, with the goal of ensuring fair and equal access to insurance products. The law would apply to any individual or entity under the superintendent's supervision and takes effect immediately upon passage.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/S5267