Relates to motor vehicle insurance fairness; repealer

Summary

The bill replaces Section 2331 of the Insurance Law with new standards that bar insurers from refusing coverage or setting premiums based on protected characteristics, age, credit, zip code, income and other listed factors. It also requires insurers to file any rate changes publicly, allows public comment and hearings, and orders the Department of Financial Services to adopt implementing rules within set timeframes. The aim is to make auto‑insurance pricing more equitable for New Yorkers.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share