Assembly Bill A7040

2019-2020 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

download bill text pdf

Sponsored By

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

Do you support this bill?

Please enter your contact information

Home address is used to determine the senate district in which you reside. Your support or opposition to this bill is then shared immediately with the senator who represents you.

Optional services from the NY State Senate:

Create an account. An account allows you to officially support or oppose key legislation, sign petitions with a single click, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.

Include a custom message for your Senator? (Optional)

Enter a message to your senator. Many New Yorkers use this to share the reasoning behind their support or opposition to the bill. Others might share a personal anecdote about how the bill would affect them or people they care about.
Actions

co-Sponsors

2019-A7040 (ACTIVE) - Details

See Senate Version of this Bill:
S7667
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §2617, Ins L
Versions Introduced in Other Legislative Sessions:
2015-2016: A8606, S7904
2017-2018: A2849, S2854
2021-2022: A3082, S5904
2023-2024: A843, S6685

2019-A7040 (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.

2019-A7040 (ACTIVE) - Bill Text download pdf 

                            
 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   7040
 
                        2019-2020 Regular Sessions
 
                           I N  A S S E M B L Y
 
                               April 3, 2019
                                ___________
 
 Introduced  by  M.  of A. PEOPLES-STOKES, CRESPO, STECK -- 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  2617
 to read as follows:
   § 2617. 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.

Comments

Open Legislation is a forum for New York State legislation. All comments are subject to review and community moderation is encouraged.

Comments deemed off-topic, commercial, campaign-related, self-promotional; or that contain profanity, hate or toxic speech; or that link to sites outside of the nysenate.gov domain are not permitted, and will not be published. Attempts to intimidate and silence contributors or deliberately deceive the public, including excessive or extraneous posting/posts, or coordinated activity, are prohibited and may result in the temporary or permanent banning of the user. Comment moderation is generally performed Monday through Friday. By contributing or voting you agree to the Terms of Participation and verify you are over 13.

Create an account. An account allows you to sign petitions with a single click, officially support or oppose key legislation, and follow issues, committees, and bills that matter to you. When you create an account, you agree to this platform's terms of participation.