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NY A03056
Bill
Status
2/2/2023
Primary Sponsor
Gary Pretlow
Click for details
AI Summary
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Amends Insurance Law Section 2324 to permit insurers to offer loss prevention programs that promote and incentivize safe driving behavior through points-based rewards.
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Requires loss prevention programs to be offered equitably to both members of the general public and the insurer's policyholders.
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Maintains existing prohibitions on rebating and discriminatory practices in insurance contracts while creating this new exception for qualifying loss prevention programs.
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Renumbers existing subsections (d) through (f) as subsections (e) through (g) to accommodate the new loss prevention program provision.
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Takes effect immediately upon enactment.
Legislative Description
Ensures that insurers are permitted to offer loss prevention programs as long as such programs are offered to the general public and the insurer's policyholders.
Last Action
referred to insurance
1/3/2024