Assembly Bill A6850

2009-2010 Legislative Session

Prohibits automobile insurers from considering an applicant's or insured's credit history in the process of providing a policy of automobile insurance

download bill text pdf

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Archive: Last Bill Status - In Assembly Committee

  • Introduced
    • In Committee Assembly
    • In Committee Senate
    • On Floor Calendar Assembly
    • On Floor Calendar Senate
    • Passed Assembly
    • Passed Senate
  • Delivered to Governor
  • Signed By Governor

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2009-A6850 (ACTIVE) - Details

See Senate Version of this Bill:
S3684
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง3425, Ins L
Versions Introduced in Other Legislative Sessions:
2011-2012: A3660, S3931
2013-2014: S2975, S6274

2009-A6850 (ACTIVE) - Summary

Prohibits automobile insurers from considering an applicant's or insured's credit history, credit rating or lack of a credit history as a factor in the underwriting, rating, premiums, or the decision of issuance or renewal of any automobile insurance policy to such applicant or insured.

2009-A6850 (ACTIVE) - Bill Text download pdf 

                            
                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  6850

                       2009-2010 Regular Sessions

                          I N  A S S E M B L Y

                             March 13, 2009
                               ___________

Introduced by M. of A. CAMARA -- read once and referred to the Committee
  on Insurance

AN ACT to amend the insurance law, in relation to prohibiting automobile
  insurers  from using an applicant's or insured's credit history in the
  underwriting, rating or premiums for a policy of automobile insurance

  THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
BLY, DO ENACT AS FOLLOWS:

  Section  1.  Section  3425 of the insurance law is amended by adding a
new subsection (s) to read as follows:
  (S) NO INSURER SHALL USE AN APPLICANT'S OR  INSURED'S  CREDIT  RATING,
CREDIT HISTORY OR LACK OF A CREDIT HISTORY AS A FACTOR IN THE UNDERWRIT-
ING  OF,  RATING  OF,  PREMIUMS FOR, OR THE DECISION TO ISSUE OR RENEW A
COVERED POLICY FOR AUTOMOBILE INSURANCE TO SUCH APPLICANT OR INSURED.
  S 2. This act shall take effect on the thirtieth day  after  it  shall
have  become  a  law  and  shall apply to all policies, issued, renewed,
modified or altered on or after such date.






 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD10432-01-9

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