New York A01800 prohibits insurers from raising auto insurance premiums for individuals aged 60 or older based solely on age at policy renewal.
New York A01800 amends the insurance law to prevent insurers from increasing auto insurance premiums for policyholders aged 60 or older solely based on their age at the time of renewal. This change aims to protect older drivers from age-based premium hikes, ensuring they are not unfairly penalized due to their age. The amendment takes effect on January 1 following the bill's enactment and applies to policy renewals issued after that date.
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