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NY A01763
Bill
Status
1/14/2025
Primary Sponsor
William Colton
Click for details
AI Summary
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Requires the Superintendent of Financial Services to provide actuarially appropriate reductions in fire and homeowners insurance premiums for homeowners who complete a certified residential home safety and loss prevention course, with the discount lasting 3 years after course completion
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Courses must cover methods to prevent or minimize personal injuries and property losses from fire, theft, burglary, accidents, and weather-related events including hurricanes, ice storms, tornadoes, and other natural disasters
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Department of Financial Services must certify courses in consultation with the Office of Fire Prevention and Control, establishing curriculum standards, instructor training requirements, and minimum course length exceeding 3 hours
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Course sponsors must demonstrate that completion will significantly reduce fire, theft, liability, and weather-related losses, and must provide tamper-proof certificates of completion that cannot be forged
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Act takes effect 180 days after becoming law and expires 5 years later; Superintendent must report findings on the effect of courses in reducing homeowners insurance claims at least 180 days before expiration
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
1/7/2026