Bill Text: NY A05595 | 2011-2012 | General Assembly | Introduced

New York Assembly Bill 5595 (Prior Session Legislation)

Introduced

Bill Title: Provides that the term "defined violation" shall mean the utilization by an insurer of credit information relating to a potential insured in determining the premium to be charged such insured.

Spectrum: Partisan Bill (Republican 13-0)

Status: (Introduced - Dead) 2011-12-16 - enacting clause stricken [A05595 Detail]

Download: New_York-2011-A05595-Introduced.html

                           S T A T E   O F   N E W   Y O R K
       ________________________________________________________________________
                                         5595
                              2011-2012 Regular Sessions
                                 I N  A S S E M B L Y
                                   February 23, 2011
                                      ___________
       Introduced  by  M. of A. HAYES, CROUCH, FINCH, KOLB, RAIA -- Multi-Spon-
         sored by -- M. of A.  BURLING, CERETTO, GIGLIO, McDONOUGH,  MONTESANO,
         PALMESANO, REILICH, SAYWARD -- read once and referred to the Committee
         on Insurance
       AN ACT to amend the insurance law, in relation to prohibiting the use of
         credit information in determining premiums
         THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
       BLY, DO ENACT AS FOLLOWS:
    1    Section 1. Section 2402 of the insurance law is amended  by  adding  a
    2  new subsection (b-1) to read as follows:
    3    (B-1) "DEFINED VIOLATION" SHALL ALSO MEAN THE UTILIZATION BY AN INSUR-
    4  ER OF A POTENTIAL INSURED'S CREDIT INFORMATION IN DETERMINING THE AMOUNT
    5  OF PREMIUM TO BE CHARGED SUCH INSURED.
    6    S  2.  This  act shall take effect on the thirtieth day after it shall
    7  have become a law, and shall apply to all applications for insurance  or
    8  renewals of insurance made on and after such effective date.
        EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                             [ ] is old law to be omitted.
                                                                  LBD08729-01-1