Assembly Bill A2956

2019-2020 Legislative Session

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

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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2019-A2956 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §2802, Ins L
Versions Introduced in Other Legislative Sessions:
2013-2014: A5126
2015-2016: A901
2017-2018: A3897

2019-A2956 (ACTIVE) - Summary

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

2019-A2956 (ACTIVE) - Bill Text download pdf

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2956
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 28, 2019
                                ___________
 
 Introduced  by  M.  of  A. M. G. 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;
   § 2. This act shall take effect immediately.
 
 
 
 
 
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD00379-01-9



              

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