Senate Bill S450

2023-2024 Legislative Session

Prohibits the imposition of different premium rates for disability insurance based on gender

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-S450 (ACTIVE) - Details

See Assembly Version of this Bill:
A3781
Current Committee:
Assembly Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3215-a, Ins L
Versions Introduced in Other Legislative Sessions:
2017-2018: S7416, A9595
2019-2020: S3664, A3024
2021-2022: S1187, A6642

2023-S450 (ACTIVE) - Summary

Prohibits the imposition of different premium rates for disability insurance based on gender.

2023-S450 (ACTIVE) - Sponsor Memo

2023-S450 (ACTIVE) - Bill Text download pdf 

                             
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                    450
 
                        2023-2024 Regular Sessions
 
                             I N  S E N A T E
 
                                (PREFILED)
 
                              January 4, 2023
                                ___________
 
 Introduced  by Sen. GIANARIS -- read twice and ordered printed, and when
   printed to be committed to the Committee on Insurance
 
 AN ACT to amend the insurance law, in relation to prohibiting the  impo-
   sition of different rates for premiums for the provision of disability
   insurance

   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 3215-a
 to read as follows:
   § 3215-A. DISABILITY INSURANCE PREMIUM RATES. NO INSURER  OFFERING  OR
 PROVIDING  INDIVIDUAL,  GROUP  OR  BLANKET  DISABILITY INSURANCE IN THIS
 STATE SHALL CHARGE OR  IMPOSE  DIFFERENT  RATES  FOR  PREMIUMS  FOR  THE
 PROVISION  OF  SUCH  INSURANCE TO INDIVIDUALS INSURED UNDER A POLICY, ON
 THE BASIS OF THE GENDER OF THE INSURED OR INSUREDS.
   § 2. This act shall take effect on the first of January next  succeed-
 ing  one year after it shall have become a law, and shall apply to poli-
 cies and contracts issued, renewed, modified, altered or amended  on  or
 after such date.
 
 
 
 

  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD02655-01-3

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