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NY A02436
Bill
Status
1/26/2023
Primary Sponsor
William Colton
Click for details
AI Summary
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Requires the superintendent of financial services to certify residential home safety and loss prevention courses in consultation with the office of fire prevention and control and other relevant state entities.
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Mandates insurers provide actuarially appropriate reductions in fire insurance and homeowners insurance premiums for three years after an insured successfully completes a certified course.
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Establishes minimum regulatory standards for certified courses including curriculum requirements exceeding three hours, instructor training standards, and tamper-proof certificates of completion.
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Requires course sponsors to demonstrate that course completion significantly reduces fire, theft, liability, and weather-related losses in residences.
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Directs the superintendent to report to the governor and legislature at least 180 days before expiration on the effectiveness of courses in reducing homeowners insurance claims; law takes effect 180 days after enactment and expires 5 years thereafter.
Legislative Description
Provides for the establishment of residential home safety and loss prevention courses certified by the superintendent of financial services; requires insurers to provide actuarially appropriate discounts on fire and homeowners insurance premiums to those homeowners who have completed a residential home safety and loss prevention course; directs the superintendent of financial services to promulgate such rules and regulations as are necessary to implement such program and specifies certain matters which must be included in such rules and regulations; requires the superintendent of financial services to issue a report thereon.
Last Action
referred to insurance
1/3/2024