|Assembly Actions - Lowercase
Senate Actions - UPPERCASE
|Jan 08, 2014||referred to insurance|
|Jan 09, 2013||referred to insurance|
senate Bill S636
Archive: Last Bill Status - In Committee
- In Committee
- On Floor Calendar
- Passed Senate
- Passed Assembly
- Delivered to Governor
- Signed/Vetoed by Governor
S636 - Details
S636 - Summary
Prohibits insurer from increasing auto insurance premiums upon renewal for persons 60 years of age or over based solely on the ground of the insured's age.
S636 - Sponsor Memo
BILL NUMBER:S636 TITLE OF BILL: An act to amend the insurance law, in relation to prohibiting the increase of premiums or failure to renew automobile insurance policies for persons 60 years of age or over PURPOSE OR GENERAL IDEA OF BILL: To prohibit automobile insurance carriers from increasing insurance rates solely on the basis of age. SUMMARY OF SPECIFIC PROVISIONS: Amends subsection (i) of § 3425 of the insurance law with respect to automobile insurance policies. No insurer shall increase the premium billed to an insured who is sixty years of age or over for the renewal of an existing policy solely on the ground of the age of the insured. JUSTIFICATION: The automobile insurance industry presently has in place a discriminatory grading system, whereby insurance rates may be raised simply because a policyholder has reached a specified birthday, which puts them in a more expensive rating. It is a common practice among automobile insurance carriers to raise
S636 - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 636 2013-2014 Regular Sessions I N S E N A T E (PREFILED) January 9, 2013 ___________ Introduced by Sen. STAVISKY -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance AN ACT to amend the insurance law, in relation to prohibiting the increase of premiums or failure to renew automobile insurance policies for persons 60 years of age or over THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM- BLY, DO ENACT AS FOLLOWS: Section 1. Subsection (i) of section 3425 of the insurance law is amended to read as follows: (i) (1) No insurer shall refuse to issue or renew a covered policy solely on the ground of the advanced age of the applicant or insured. (2) WITH RESPECT TO AUTOMOBILE INSURANCE POLICIES, NO INSURER SHALL INCREASE THE PREMIUM BILLED TO AN INSURED WHO IS SIXTY YEARS OF AGE OR OVER FOR THE RENEWAL OF AN EXISTING POLICY SOLELY ON THE GROUND OF THE AGE OF THE INSURED. S 2. This act shall take effect on the first of January next succeed- ing the date on which it shall have become a law and shall apply to renewals of policies issued on and after such date. EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD03563-01-3
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