What's happening
This bill prohibits insurers in New York from charging different disability insurance premium rates based on gender.
Why it matters
Promotes Gender Equity. By prohibiting different premium rates based on gender, the bill aims to eliminate a longstanding source of financial discrimination, ensuring men and women pay equal rates for disability insurance coverage.
Financial Impact for Policyholders. The change could lower premiums for groups (traditionally women) who may have faced higher rates, potentially making disability insurance more affordable and accessible to a broader population.
Industry Practices and Compliance. Insurance companies would need to revise their underwriting and pricing models, potentially incurring administrative costs and altering how risk is calculated across insured populations.
Sets a Precedent in Anti-Discrimination Law. This measure aligns insurance practices with broader anti-discrimination principles in New York, potentially inspiring similar reforms in other types of insurance or in other states.
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Who cares
Headline styles
Ban Gender-Based Insurance Rates
Plain English, a few words. Used as the page title.
Sponsors
1 Co-sponsor
History
- Print number 3024b
- Amend and recommit to insurance
- Referred to insurance
- Print number 3024a
- Amend and recommit to insurance
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
End Gender-Based Insurance Rates
In Assembly Committee · Insurance · Sponsor Michael Gianaris
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
3024--B
2019-2020 Regular Sessions
IN ASSEMBLY
January 28, 2019
Introduced by M. of A. GLICK, JAFFEE -- read once and referred to the Committee on Insurance -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee -- recommitted to the Committee on Insurance in accordance with Assembly Rule 3, sec.
2 -- committee discharged, bill amended, ordered reprinted as amended and recommitted to said committee
AN ACT to amend the insurance law, in relation to prohibiting the imposition of different rates for premiums for the provision of disability insurance
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The insurance law is amended by adding a new section 3215-a to read as follows:
§ 3215-a. Disability insurance premium rates. No insurer offering or providing individual, group or blanket disability insurance in this state shall charge or impose different rates for premiums for the provision of such insurance on the basis of the gender of the insured or insureds.
§ 2. This act shall take effect on January 1, 2022, and shall apply to policies and contracts issued, renewed, modified, altered or amended on or after such date.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD04429-05-0
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.