Assembly Bill A2406

2023-2024 Legislative Session

Prohibits insurer from increasing auto insurance premiums upon renewal for persons 60 years of age or over solely on the ground of insureds' age

download bill text pdf

Sponsored By

Current 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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2023-A2406 (ACTIVE) - Details

Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Amd §3425, Ins L
Versions Introduced in Other Legislative Sessions:
2009-2010: A1265
2011-2012: A992
2013-2014: A1531
2015-2016: A4750
2017-2018: A3650
2019-2020: A2878
2021-2022: A4024

2023-A2406 (ACTIVE) - 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.

2023-A2406 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   2406
 
                        2023-2024 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 26, 2023
                                ___________
 
 Introduced  by  M. of A. COLTON, MILLER, McDONOUGH -- Multi-Sponsored by
   -- M. of A.   SIMON -- read once and  referred  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.
   § 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.
                                                            LBD00900-01-3

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