N.Y. Insurance Law § 2803: Dispute resolution and error correction

§ 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 of

a current insured was incorrect or incomplete and if the insurer

receives notice of such determination from either the consumer reporting

agency or from the insured, the insurer shall re-underwrite and re-rate

the consumer within thirty days of receiving such notice. After

re-underwriting or re-rating the insured, the insurer shall make any

adjustments necessary, consistent with its underwriting and rating

guidelines. If an insurer determines that the insured has overpaid

premium, the insurer shall refund to the insured the amount of

overpayment calculated back to the last thirty-six months of coverage

provided by such insurer.