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NY A04427
Bill
Status
2/4/2025
Primary Sponsor
Brian Cunningham
Click for details
AI Summary
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Prohibits insurers from unfairly discriminating based on race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identity, or gender expression when using external consumer data sources, algorithms, or predictive models in insurance practices
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External consumer data sources include credit scores, social media habits, locations, purchasing habits, home ownership, educational attainment, occupation, licensures, civil judgments, and court records
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Requires insurers to establish risk management frameworks to test whether their use of external data and algorithms unfairly discriminates, and provide officer attestations of ongoing compliance
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Exempts title insurance, surety bonds, and most commercial insurance policies, though applies to business owners' and commercial general liability policies with annual premiums of $10,000 or less
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Requires the Superintendent of Insurance to conduct stakeholder meetings, adopt implementing regulations, and submit annual reports to the Governor and Legislature on rate changes resulting from these prohibitions
Legislative Description
Prohibits the use of external consumer data and information sources being used when determining insurance rates; provides that no insurer shall unfairly discriminate based on race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identity, or gender expression; or use any external consumer data and information sources, as well as any algorithms or predictive models that use external consumer data and information sources, in a way that unfairly discriminates based on race, color, national or ethnic origin, religion, sex, sexual orientation, disability, gender identity, or gender expression; makes related provisions; defines terms.
Last Action
referred to insurance
1/7/2026