New York S05486 mandates disclosures by automobile insurers regarding the use of telematics systems in setting insurance rates and discounts.

New York S05486 requires automobile insurers and third-party developers or vendors of telematics systems to provide explanations of their scoring methodologies to the superintendent. Insurers must also report on testing done to ensure their systems do not discriminate against protected classes. Consumers can request access to data collected by these systems in a readable format. Insurers and third-party developers or vendors are prohibited from using collected data for purposes other than underwriting and rating decisions.

New York S05486 mandates disclosures by automobile insurers regarding the use of telematics systems in setting insurance rates and discounts.

New York S05486 requires automobile insurers and third-party developers or vendors of telematics systems to provide explanations of their scoring methodologies to the superintendent. Insurers must also report on testing done to ensure their systems do not discriminate against protected classes. Consumers can request access to data collected by these systems in a readable format. Insurers and third-party developers or vendors are prohibited from using collected data for purposes other than underwriting and rating decisions.