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NY A01450
Bill
Status
5/27/2025
Primary Sponsor
Jeffrey Dinowitz
Click for details
AI Summary
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Prohibits insurers from demanding personal, financial, and tax information when processing theft claims unless special articulable circumstances exist that directly relate to the specific theft and warrant investigation for potential fraud
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Defines restricted information as: personal and business tax returns, non-vehicle permits/licenses, loan applications, voter registration history, bank statements, and business certificates (DBA or incorporation documents)
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Authorizes the Superintendent of Insurance to designate additional types of personal, financial, or private information as intrusive through regulation
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Classifies violations as unfair claim settlement practices under existing Insurance Law Section 2601
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Takes effect January 1st following enactment, with immediate authorization for regulatory implementation
Legislative Description
Restricts insurers from demanding intrusive personal, financial and tax information from insureds as a standard practice in processing ordinary theft claims where no special circumstances warranting a demand for such information exists.
Last Action
ordered to third reading cal.55
1/7/2026