New York Insurance Law Article 28 - USE OF CREDIT INFORMATION

• 2801 - Definitions.
  For the purposes of this article, the following terms shall have the following meanings: (a) "Adverse action" shall mean a denial or cancellation of, an...
• 2802 - Use of Credit Information.
  An insurer doing business in this state that uses credit information to underwrite or rate risks for personal lines insurance, shall not: (a) use an...
• 2803 - Dispute Resolution and Error Correction.
  If it is determined through the dispute resolution process set forth in the federal Fair Credit Reporting Act, 15 USC 1681i(a)(5), that the credit information...
• 2804 - Initial Notification.
  An insurer writing personal lines insurance which uses credit information in underwriting or rating a consumer, shall disclose such fact to the consumer. The insurer...
• 2805 - Adverse Action Notification.
  If an insurer takes an adverse action based upon credit information, the insurer shall: (a) provide notification to the consumer that an adverse action has...
• 2806 - Filing.
  (a) Insurers that use insurance scores to underwrite and rate risks must file their scoring models (or other scoring processes) with the superintendent. Any subsequent...
• 2807 - Sale of Information by Consumer Reporting Agency.
  (a) No consumer reporting agency shall provide or sell data or lists that include any information that in whole or in part was submitted in...
• 2808 - Indemnification.
  An insurer shall indemnify, defend and hold agents harmless from and against all liability, fees and costs arising out of or relating to the actions,...
• 2809 - Severability.
  If any section, paragraph, sentence, clause, phrase, or any part of this article is declared invalid due to an interpretation of or a future change...

Last modified: February 3, 2019