N.Y. Insurance Law § 2805: Adverse action notification

§ 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

been taken, in accordance with the requirements of the federal Fair

Credit Reporting Act, 15 USC 1681m(a); and

(b) provide notification to the consumer explaining the reason for the

adverse action. The reasons must be provided in sufficiently clear and

specific language so that a person can identify the basis for the

insurer's decision to take an adverse action. Such notification shall

include a description of up to four factors that were the primary

influences of the adverse action. The use of generalized terms such as

"poor credit history", "poor credit rating", or "poor insurance score"

does not meet the explanation requirements of this subsection.

Standardized credit explanations provided by consumer reporting agencies

or other third party vendors are deemed to comply with this section.