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NY A00795
Bill
Status
Introduced
1/11/2023
Primary Sponsor
Pamela Hunter
Click for details
AI Summary
- Prohibits insurers from refusing to issue an automobile insurance policy to any applicant solely based on the applicant's credit information
- Prohibits insurers from refusing to renew an existing automobile insurance policy solely on the basis of the named insured's credit information
- Prohibits insurers from requesting credit information or credit reports from consumer reporting agencies for the purpose of policy renewal
- Defines "automobile insurance" as contracts covering motor vehicles predominantly used for non-business purposes when a natural person is the named insured, excluding transportation network drivers
- Takes effect immediately upon enactment
Legislative Description
Prohibits automobile insurers from refusing to issue or renew an individual's policy based on such individual's credit history.
Last Action
referred to insurance
1/3/2024
Committee Referrals
Insurance1/11/2023
Full Bill Text
No bill text available