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NY A10524
Bill
Status
3/6/2026
Primary Sponsor
Jennifer Lunsford
Click for details
AI Summary
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Prohibits motor vehicle insurers from basing rates or coverage decisions on protected characteristics, age (except driving experience), employment/occupation, education level, home ownership, credit scores, prior insurance history, zip codes (except for crime/accident rates), consumer data over two years old, or income/wealth
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Requires prior approval from the superintendent for all rate changes, with applicants bearing the burden of proving proposed rates are not excessive, inadequate, or unfairly discriminatory
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Mandates public hearings for rate increase requests exceeding 7% for personal auto insurance or 15% for commercial auto insurance when requested by consumers within 45 days of public notice
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Establishes a public online database for viewing rate increase applications, submitting comments, and allows any person to request permission to intervene in rate proceedings
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Requires insurers to demonstrate their marketing, underwriting, claims handling, and algorithms do not disparately impact customers based on race, sex, disability, sexual orientation, gender identity, or other protected characteristics
Legislative Description
Relates to motor vehicle insurance fairness; provides that insurance rates shall not be increased based on certain factors; sets forth processes for motor vehicle insurers to have rate increases approved; allows public access in relation to any proposed insurance rate increases; allows members of the public to request permission to intervene in proceedings related to rate increases; directs rules and regulations to be established.
Last Action
referred to insurance
3/6/2026