2012 New York Consolidated Laws
ISC - Insurance
Article 28 - (2801 - 2809) USE OF CREDIT INFORMATION
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.