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Assembly Bill A5126

2013-2014 Legislative Session

Prohibits insurers from using credit information as the sole basis for charging an increased premium when underwriting or rating a new policy

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Archive: Last Bill Status - In Assembly Committee

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2013-A5126 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd ยง2802, Ins L
Versions Introduced in Other Legislative Sessions:
2015-2016: A901
2017-2018: A3897
2019-2020: A2956

2013-A5126 (ACTIVE) - Summary

Prohibits insurers from using credit information as the sole basis for charging an increased premium when underwriting or rating a new policy.

2013-A5126 (ACTIVE) - Bill Text download pdf 

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

                                  5126

                       2013-2014 Regular Sessions

                          I N  A S S E M B L Y

                            February 20, 2013
                               ___________

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

AN ACT to amend the insurance law, in relation to prohibiting the use of
  credit information as the sole basis for charging an increased premium
  for a new policy

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

  Section 1. Section 2802 of the insurance law is amended  by  adding  a
new subdivision (b-1) to read as follows:
  (B-1)  USE  CREDIT  INFORMATION  OF  A  CONSUMER AS THE SOLE BASIS FOR
CHARGING AN INCREASED PREMIUM FOR UNDERWRITING OR RATING A NEW POLICY;
  S 2. This act shall take effect immediately.







 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD08076-01-3

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