New York S10019 prohibits insurers from raising auto insurance premiums for individuals aged 60 and over solely based on age.
New York S10019 amends the insurance law to prevent insurers from increasing auto insurance premiums for policyholders aged 60 and over solely based on their age. This change applies to renewals of existing policies issued after the bill becomes law. The bill ensures that insurers cannot use age as the sole reason for premium increases, aiming to protect older drivers from age-based premium hikes.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.