S T A T E O F N E W Y O R K
________________________________________________________________________
11725
I N A S S E M B L Y
September 16, 2026
___________
Introduced by COMMITTEE ON RULES -- (at request of M. of A. Rosenthal)
-- read once and referred to the Committee on Insurance
AN ACT to amend the insurance law, in relation to prohibiting insurers
from making decisions about the underwriting, cancellation, renewal or
calculation of cost of homeowners' insurance based on the credit
history of an applicant or an insured
THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
BLY, DO ENACT AS FOLLOWS:
Section 1. The insurance law is amended by adding a new section 2802-a
to read as follows:
§ 2802-A. USE OF CREDIT INFORMATION; HOMEOWNERS' INSURANCE. WITH
RESPECT TO HOMEOWNERS' INSURANCE, AN INSURER SHALL NOT:
(A) REFUSE TO UNDERWRITE, CANCEL, OR REFUSE TO RENEW A POLICY BASED
WHOLLY OR PARTLY ON THE CREDIT HISTORY OF AN APPLICANT OR INSURED,
INCLUDING THE ABSENCE OF OR INABILITY TO DETERMINE CREDIT HISTORY;
(B) RATE A RISK BASED WHOLLY OR PARTLY ON THE CREDIT HISTORY OF AN
APPLICANT OR INSURED, INCLUDING THE ABSENCE OF OR INABILITY TO DETERMINE
CREDIT HISTORY, IN ANY MANNER, INCLUDING:
(1) PROVIDING OR REMOVING A DISCOUNT OR IMPOSING OR REMOVING A
SURCHARGE;
(2) ASSIGNING THE INSURED OR APPLICANT TO A TIER; OR
(3) PLACING AN APPLICANT OR INSURED WITH AN AFFILIATED INSURER; OR
(C) REQUIRE A PARTICULAR PAYMENT PLAN BASED WHOLLY OR PARTLY ON THE
CREDIT HISTORY OF AN APPLICANT OR INSURED, INCLUDING THE ABSENCE OF OR
INABILITY TO DETERMINE CREDIT HISTORY.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD16324-02-6
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