New York A01450 restricts insurers from demanding intrusive personal, financial, and tax information from insureds in processing ordinary theft.

New York A01450 amends the insurance law to restrict insurers from demanding intrusive personal, financial, and tax information from insureds as a standard practice in processing ordinary theft claims. This includes demands for tax returns, business licenses, loan applications, voter registration details, and business certificates. Such requests are only permissible if special circumstances directly related to the theft claim warrant them. The act authorizes necessary rule changes to implement these provisions.

New York A01450 restricts insurers from demanding intrusive personal, financial, and tax information from insureds in processing ordinary theft.

New York A01450 amends the insurance law to restrict insurers from demanding intrusive personal, financial, and tax information from insureds as a standard practice in processing ordinary theft claims. This includes demands for tax returns, business licenses, loan applications, voter registration details, and business certificates. Such requests are only permissible if special circumstances directly related to the theft claim warrant them. The act authorizes necessary rule changes to implement these provisions.