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NY A01800
Bill
Status
Introduced
1/14/2025
Primary Sponsor
William Colton
Click for details
AI Summary
- Prohibits automobile insurers from increasing premiums for policyholders aged 60 or older when renewing existing policies solely based on the insured's age
- Expands existing protections that already prevent insurers from refusing to issue or renew policies based solely on advanced age
- Amends Section 3425 of the Insurance Law by adding new provisions specific to auto insurance premium increases for seniors
- Takes effect on January 1st following enactment and applies to policy renewals issued on or after that date
Legislative Description
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.
Last Action
referred to insurance
1/7/2026
Committee Referrals
Insurance1/14/2025
Full Bill Text
No bill text available