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NY A01273
Bill
Status
1/9/2025
Primary Sponsor
Crystal Peoples-Stokes
Click for details
AI Summary
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Prohibits motor vehicle insurers in New York from using socioeconomic factors in setting rates, premiums, or coverage terms, with violations subject to disapproval by the superintendent of insurance
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Bans specific rating factors including age, marital status, sex, sexual orientation, educational background, employment status, occupation, and income level
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Prohibits use of consumer credit information or scores, property ownership, and any indication of price elasticity of demand in determining insurance costs
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Bars insurers from using prohibited factors in algorithms or actuarial tables, or to refuse to issue, renew, or sell policies
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Defines "sex" to include gender identity or expression as defined in the executive law
Legislative Description
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.
Last Action
referred to insurance
1/7/2026