N.Y. Comp. Codes R. & Regs. tit. 11, § 221.5 – Disclosure requirements.

(a) An insurer that uses credit information in underwriting or rating a consumer shall disclose to the consumer that it may obtain credit information on the consumer. The contents of the disclosure shall be in accordance with the statutory requirements contained in section 2804(b) of the Insurance Law.
(b) The insurer shall provide the disclosure at the time of application and on renewal to each consumer.
(c) The method for providing the disclosure shall be as follows:
1. (1) Written application for new business.
  1. (i) The disclosure shall be made in writing, in at least 12-point type, upon receipt of the application for insurance.
  2. (ii) The disclosure notice shall be provided to the consumer in a separate written document, on company letterhead or that identifies the insurer, and shall include the address and a toll-free telephone number of the insurer.
2. (2) Telephone application for new business.
  1. (i) For applications taken over the telephone, the disclosure as enumerated in section 2804(d) of the Insurance Law may be provided either orally at the time the application is taken or in writing, in at least 12-point type, upon receipt of the application. If in writing, the disclosure notice shall comply with the written application requirements in paragraph (1) of this subdivision.
  2. (ii) If the policy is issued, the disclosure notice shall then also be provided to the consumer, as specified in section 2804(b) of the Insurance Law, in a separate written document, in at least 12-point type, upon policy issuance.
3. (3) Other medium for new business.
  1. (i) For new business that is not applied for on the telephone or in writing, the disclosure shall be provided either in the same medium as the application for insurance or in writing, in at least 12-point type. The disclosure shall be provided upon the insurer's receipt of the application.
4. (4) Renewal business.
  1. (i) On all renewals, a written disclosure notice, in at least 12-point type, shall be provided at least 10 days prior to the effective date of the renewal policy.
  2. (ii) The disclosure notice shall be provided to the consumer in a separate written document, on company letterhead or that identifies the insurer, and shall include the address and a toll-free telephone number of the insurer.
(d) Where an insurance producer or other entity has been designated by an insurer to issue the disclosure on its behalf, the insurer shall provide the insurance producer or other entity with the form of the disclosure notice. In addition, the insurer shall use a reasonable means to verify that the disclosure has been provided to the consumer by the insurance producer or other entity.
(e) Documentation that the required notification has been provided to the consumer shall be maintained by the insurer in accordance with section 243.2 of this Title (Regulation No. 152).