N.Y. Ins. Law § 2805

§ 2805. Adverse action notification. If an insurer takes an adverse\naction based upon credit information, the insurer shall:\n (a) provide notification to the consumer that an adverse action has\nbeen taken, in accordance with the requirements of the federal Fair\nCredit Reporting Act, 15 USC 1681m(a); and\n (b) provide notification to the consumer explaining the reason for the\nadverse action. The reasons must be provided in sufficiently clear and\nspecific language so that a person can identify the basis for the\ninsurer's decision to take an adverse action. Such notification shall\ninclude a description of up to four factors that were the primary\ninfluences of the adverse action. The use of generalized terms such as\n"poor credit history", "poor credit rating", or "poor insurance score"\ndoes not meet the explanation requirements of this subsection.\nStandardized credit explanations provided by consumer reporting agencies\nor other third party vendors are deemed to comply with this section.\n