ALBANY, N.Y.—The Professional Insurance Agents of New York State Inc., applaud Gov. Kathy Hochul for signing legislation to require insurance companies to make a good-faith attempt to verify a drivers’ driving history prior to binding a personal automobile insurance policy.
“The law, which was a top priority for PIANY during the 2023 legislative session, will ensure that consumers are presented with a full and accurate quote prior to being required to pay any insurance premium,” said PIA New York President Gary Slavin, CLTC, CIC. “We applaud Gov. Hochul, Sen. Neil Breslin, D-44, and Assemblyman David Weprin, D-24, for supporting this common-sense law to protect consumers from unexpected premium increases shortly after a policy is bound.”
The law (A.4688/S.5764B), which takes effect 180 days from today, does offer a few exceptions if an individual’s driver history is unavailable due to a service interruption or other event outside of an insurance company’s control.
PIANY members advocated for the insurance-buying public by participating in grassroots campaigns to advocate for the passage of this law during each stage of the legislative process.
PIA New York is the premier professional association for independent insurance agents, working to advance the needs of its members and be a leading voice in the insurance industry. PIANY provides members with the very best education, information, advocacy, and business tools possible.