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S3664Senate2019-2020 SessionSame asA3024

End Gender-Based Insurance Rates

Official title

“Prohibits the imposition of different premium rates for disability insurance based on gender”

Sponsor Michael GianarisSD-12+1 co-sponsorAffects Finance
Status
In Assembly Committee
Insurance
Impact
6/10
Moderate
Passage
0%

Bill progress

Step 5 of 7

In Assembly · Insurance

What's happening

This bill prohibits disability insurance providers in New York from charging different premium rates based on gender.

Why it matters

  1. Promotes gender equality by ensuring men and women pay the same rates for disability insurance. , addressing a longstanding issue where women often faced higher premiums despite similar coverage.

  2. Could make disability insurance more affordable and accessible for women. , who have historically been charged more, potentially increasing their participation in these insurance programs.

  3. Forces insurance providers to base premium rates on risk factors other than gender. , encouraging the industry to use more individualized or actuarially sound criteria when determining costs.

  4. Impacts both new and existing policyholders. (after renewals or modifications), meaning current customers may see changes in their premium rates, not just those purchasing new policies.

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Who cares

Headline styles

End Gender-Based Insurance Rates

Plain English, a few words. Used as the page title.

Sponsors

Primary sponsor
Michael Gianaris

Senator · Senate District 12

1 Co-sponsor

History

  1. Referred to insurance
  2. Delivered to assembly
  3. Passed senateVote 60–1
  4. Advanced to third reading
  5. Amended 3664b
  6. 2nd report cal.
  7. 1st report cal.290
  8. Referred to insurance
  9. Returned to senate
  10. Died in assembly
  11. Referred to insurance
  12. Delivered to assembly
Show 6 earlier actions
  1. Passed senateVote 61–1
  2. Amended on third reading 3664a
  3. Advanced to third reading
  4. 2nd report cal.
  5. 1st report cal.666
  6. 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.

A3024Assembly

Ban Gender-Based Insurance Rates

In Assembly Committee · Insurance · Sponsor Deborah Glick

Impact 6 · Moderate0% to pass

Full text

1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗

STATE OF NEW YORK

3664--B Cal. No. 290

2019-2020 Regular Sessions

IN SENATE

February 12, 2019

Introduced by Sens. GIANARIS, CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and… Show all

Introduced by Sens. GIANARIS, CARLUCCI -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance -reported favorably from said committee, ordered to first and second report, ordered to a third reading, amended and ordered reprinted, retaining its place in the order of third reading -- recommitted to the Committee on Insurance in accordance with Senate Rule 6, sec. 8 -reported favorably from said committee, ordered to first and second report, amended on second report, ordered to a third reading, and to be reprinted as amended, retaining its place in the order of third reading

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.

LBD04429-04-0

Reflowed for reading: line numbers and page breaks removed. Cite the official text.

Sponsor's memo

Title of bill

An act to amend the insurance law, in relation to prohibiting the impo- sition of different rates for premiums for the provision of disability insurance

PURPOSE::

To remove gender discrimination from disability insurance premium rates

SUMMARY OF PROVISIONS::

Section 1 amends the insurance law, adding a new section 3215-a to prohibit insurance companies from charging different rates for disabili- ty insurance on the basis of gender.

EXISTING LAW::

JUSTIFICATION::

Gender discrimination is currently not only allowed, but also standard practice for disability insurance rates. New York was ahead of its time in preventing health insurance companies from charging different rates, a provision of law later included in Obamacare. The same logic for health insurance premiums should also apply to disability insurance. As a result, this legislation would make it cheaper for businesses to hire women. Accordingly, this bill is essential as New York does everything it can to protect women and promote equality.

LEGISLATIVE HISTORY::

2018: Died in Insurance

FISCAL IMPLICATIONS::

None

LOCAL FISCAL IMPLICATIONS::

EFFECTIVE DATE::

This act shall take effect on January 1, 2022 and apply to policies and contracts issued, renewed, modified, altered or amended on or after such date.

Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.