New York State Assembly

Bill No.:  

 
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A02406 Summary:

BILL NO	A02406
SAME AS	No Same As
SPONSOR	Colton (MS)
COSPNSR	Miller, McDonough
MLTSPNSR	Simon
Amd §3425, Ins L
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.

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A02406 Actions:

BILL NO	A02406
01/26/2023	referred to insurance
01/03/2024	referred to insurance

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A02406 Committee Votes:

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A02406 Floor Votes:

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A02406 Text:

 
                STATE OF NEW YORK
        ________________________________________________________________________
 
                                          2406
 
                               2023-2024 Regular Sessions
 
                   IN ASSEMBLY
 
                                    January 26, 2023
                                       ___________
 
        Introduced  by  M. of A. COLTON, MILLER, McDONOUGH -- Multi-Sponsored by
          -- M. of A.   SIMON -- read once and  referred  to  the  Committee  on
          Insurance
 
        AN  ACT  to  amend  the  insurance  law,  in relation to prohibiting the
          increase of premiums or failure to renew automobile insurance policies
          for persons 60 years of age or over

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:
 
     1    Section  1.  Subsection  (i)  of  section 3425 of the insurance law is
     2  amended to read as follows:
     3    (i) (1) No insurer shall refuse to issue or  renew  a  covered  policy
     4  solely on the ground of the advanced age of the applicant or insured.
     5    (2)  With  respect  to automobile insurance policies, no insurer shall
     6  increase the premium billed to an insured who is sixty years of  age  or
     7  over  for  the renewal of an existing policy solely on the ground of the
     8  age of the insured.
     9    § 2. This act shall take effect on the first of January next  succeed-
    10  ing  the  date  on  which  it shall have become a law and shall apply to
    11  renewals of policies issued on and after such date.
 
 
 
 

         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD00900-01-3

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