Assembly Bill A8606

2015-2016 Legislative Session

Prohibits motor vehicle insurers from discrimination on the basis of socioeconomic factors in determining algorithms used to construct actuarial tables, coverage terms, premiums and/or rates

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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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2015-A8606 (ACTIVE) - Details

See Senate Version of this Bill:
S7904
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add ยง2616, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: A2849, S2854
2019-2020: A7040, S7667
2021-2022: A3082, S5904
2023-2024: A843, S6685

2015-A8606 (ACTIVE) - Summary

Prohibits motor vehicle insurers from discrimination on the basis of socioeconomic factors in determining algorithms used to construct actuarial tables, coverage terms, premiums and/or rates.

2015-A8606 (ACTIVE) - Bill Text download pdf 

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

                                  8606

                       2015-2016 Regular Sessions

                          I N  A S S E M B L Y

                            December 16, 2015
                               ___________

Introduced  by M. of A. PEOPLES-STOKES, CRESPO -- read once and referred
  to the Committee on Insurance

AN ACT to amend the insurance law,  in  relation  to  prohibiting  motor
  vehicle insurers from discriminating based on socioeconomic factors

  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  2616
to read as follows:
  S 2616. RATING FACTORS PROHIBITED. (A) ANY INSURER OR INSURANCE COMPA-
NY  GROUP DOING BUSINESS IN THE STATE AS A MOTOR VEHICLE INSURER MAY NOT
USE CLASSIFICATION PLANS, RULES OR RATES, RATING PLANS OR  MODIFICATIONS
OF ANY OF THE FOREGOING, BASED IN WHOLE OR IN PART ON THE FACTORS SPECI-
FIED  IN  THIS SECTION. ANY CLASSIFICATION PLANS, RULES OR RATES, RATING
PLANS OR MODIFICATIONS ISSUED BY SAID INSURER OR INSURANCE COMPANY GROUP
USING THE FOLLOWING FACTORS IN WHOLE OR  IN  PART  SHALL  BE  DEEMED  TO
VIOLATE  PUBLIC POLICY AND ARE SUBJECT TO DISAPPROVAL BY THE SUPERINTEN-
DENT:
  (1) AGE;
  (2) MARITAL STATUS;
  (3) SEX;
  (4) SEXUAL ORIENTATION;
  (5) EDUCATIONAL BACKGROUND OR EDUCATION LEVEL ATTAINED;
  (6) EMPLOYMENT STATUS OR OCCUPATION;
  (7) INCOME LEVEL;
  (8) CONSUMER CREDIT INFORMATION OR SCORE;
  (9) OWNERSHIP OR INTEREST IN REAL PROPERTY;
  (10) ANY INDICATION OF A CONSUMER'S PRICE ELASTICITY OF DEMAND; AND
  (11) ANY OTHER CHARACTERISTIC INDICATING OR TENDING  TO  INDICATE  THE
SOCIOECONOMIC STATUS OF AN INDIVIDUAL.
  (B)  IT SHALL FURTHER BE UNLAWFUL TO CONSIDER THE FACTORS SPECIFIED IN
SUBDIVISION (A) OF THIS SECTION TO:

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD13210-03-5

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