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AI Summary
The bill mandates disclosures by auto insurers about telematics systems used in determining insurance rates and discounts.
Business Impact
If you are an auto insurer in NY using telematics, you must disclose this in rate determinations.
What do these statuses mean? ▼
Introduced
— Filed in the legislature; not yet heard in committee
In Committee
— Assigned to and being reviewed by a legislative committee
Passed
— Approved by one or both chambers; awaiting further action
Signed / Enacted
— Signed into law by the governor; may or may not be in effect yet
Dead / Vetoed
— Vetoed, failed to pass, or session expired without action
Unknown
— Status data not yet available or awaiting classification
Affected Industries
Topics How we classify →
What This Means
New York's S05486 bill requires automobile insurers to disclose information regarding their use of telematics systems in determining insurance rates and discounts. The bill aims to ensure transparency.
Key Provisions
- Insurers must disclose information about telematics systems in rate and discount determination.
Latest Legislative Action
REFERRED TO INSURANCE
Bill Sponsors (showing 5 of 7)
| Name | Role |
|---|---|
| KENNEDY | Primary |
| Leroy Comrie D | Primary |
| Robert Jackson D | Primary |
| GALLIVAN | Cosponsor |
| HINCHEY | Cosponsor |
Compliance Checklist
Disclose telematics usage in determining rates and discounts
Who: Automobile insurers
Penalty: Potential penalties for non-compliance
Who: Automobile insurers
Penalty: Potential penalties for non-compliance
Related & Companion Bills
Full Legal Analysis
Bill S05486, introduced in New York, mandates that automobile insurers disclose information about their use of telematics systems in determining insurance rates and discounts.
Official Source
Official Bill Text
View S05486 on official legislature website →
Related Topics
Affected Industries
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