New York A11725 prohibits insurers from using credit history to deny, cancel, or refuse to renew homeowners' insurance policies.

New York A11725 amends the insurance law to prevent insurers from making decisions about underwriting, cancellation, or renewal of homeowners' insurance policies based on the credit history of an applicant or insured. This includes refusing to underwrite, canceling, or refusing to renew a policy, rating a risk, or requiring a particular payment plan based on credit history. The bill aims to protect homeowners by ensuring that credit history does not unfairly influence insurance decisions.

New York A11725 prohibits insurers from using credit history to deny, cancel, or refuse to renew homeowners' insurance policies.

New York A11725 amends the insurance law to prevent insurers from making decisions about underwriting, cancellation, or renewal of homeowners' insurance policies based on the credit history of an applicant or insured. This includes refusing to underwrite, canceling, or refusing to renew a policy, rating a risk, or requiring a particular payment plan based on credit history. The bill aims to protect homeowners by ensuring that credit history does not unfairly influence insurance decisions.