New York Assembly Bill A01763 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 1763 2025-2026 Regular Sessions  IN ASSEMBLY January 14, 2025 ___________ Introduced by M. of A. COLTON, COOK, ROSENTHAL, MILLER, PALMESANO, SANTABARBARA, HYNDMAN, RIVERA -- read once and referred to the Commit- tee on Insurance AN ACT to amend the insurance law, in relation to establishing residen- tial home safety and loss prevention courses and providing for an associated reduction in certain insurance premiums and providing for the repeal of such provisions upon expiration thereof The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Section 2346 of the insurance law is amended by adding a 2 new subsection 6 to read as follows: 3 6. The superintendent shall provide for an actuarially appropriate 4 reduction in the rates of fire insurance premiums or homeowners insur- 5 ance premiums applicable to residential real property for any insured 6 for a three year period after successfully completing a residential home 7 safety and loss prevention course certified pursuant to section two 8 thousand three hundred forty-six-b of this article. 9 § 2. The insurance law is amended by adding a new section 2346-b to 10 read as follows: 11 § 2346-b. Certification of residential home safety and loss prevention 12 courses. (a) The department, in consultation with the office of fire 13 prevention and control of the division of homeland security and emergen- 14 cy services and any additional state entity it deems appropriate, shall 15 certify all residential home safety and loss prevention courses that are 16 authorized to offer classes through which the insured shall be eligible 17 to receive an insurance premium reduction pursuant to subsection six of 18 section two thousand three hundred forty-six of this article. 19 (b) For the purposes of this section: 20 (1) "residential home safety and loss prevention course" or "course" 21 shall mean an instructional program that presents information and meth- 22 ods that can help an insured to significantly prevent or minimize 23 personal injuries and property losses in residential real property due 24 to the occurrence of fire, theft, burglary, accidents and weather 25 related events, including, but not limited to, how to mitigate property EXPLANATION--Matter in italics (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD04843-01-5 
 A. 1763 2 1 damage from hurricanes, ice storms, tornadoes and other natural disas- 2 ters; and 3 (2) "course sponsor" shall mean any individual, company or organiza- 4 tion that has developed or owns a residential home safety and loss 5 prevention course and all agents of such sponsor including independent 6 contractors that conduct classes for such sponsor and class instructors. 7 (c) The department shall promulgate such rules and regulations as are 8 necessary to implement the provisions of this section. Such rules shall, 9 at a minimum, provide for: 10 (1) course sponsor application procedures that an applicant shall 11 follow to obtain course certification approval; 12 (2) curriculum standards that the course sponsors and instructors 13 shall utilize, based upon submissions from any course sponsor as defined 14 in paragraph two of subsection (b) of this section, including teaching 15 methods and time requirements which shall be in excess of three hours; 16 (3) standards, based upon submissions from any course sponsor as 17 defined in paragraph two of subsection (b) of this section, that course 18 sponsors shall satisfy to ensure that class instructors are adequately 19 trained; 20 (4) a demonstration by the course sponsor that successfully completing 21 such course will significantly reduce fire, theft, liability and weather 22 related losses in the residence; 23 (5) standards, based upon submissions from any course sponsor as 24 defined in paragraph two of subsection (b) of this section, to ensure 25 that individuals that complete such course shall receive certificates 26 that can be submitted to an insurer to demonstrate successful completion 27 of the class. Such certificates of completion shall be tamper proof and 28 designed so that they can not be fraudulently reproduced or forged by an 29 unauthorized issuer; and 30 (6) procedures for on-going surveillance of course presentation and 31 administration to ensure that the insurance premium reduction awarded 32 is, and continues to be, proportionally related to the actuarially 33 calculable decrease in losses attributable to the course. 34 (d) The department is authorized to suspend or revoke the certificate 35 of approval of any course sponsor if the department determines that such 36 sponsor has violated the provisions of this section or has misrepre- 37 sented information on the initial application or in periodic reports 38 submitted to the department. 39 (e) The department may increase or decrease the insurance premium 40 discount awarded to such course if it is found that such discount is not 41 actuarially appropriate. 42 § 3. Not less than 180 days before the expiration of the provision of 43 this act, the superintendent of financial services shall issue a report 44 to the governor, temporary president of the senate, speaker of the 45 assembly, and the chairs of the committees on insurance of the senate 46 and assembly stating the superintendent's findings on the effect of 47 residential home safety and loss prevention courses in reducing homeown- 48 ers insurance claims. 49 § 4. This act shall take effect on the one hundred eightieth day after 50 it shall have become a law and shall expire and be deemed repealed 5 51 years after such effective date. Effective immediately, the addition, 52 amendment and/or repeal of any rule or regulation necessary for the 53 implementation of this act on its effective date are authorized to be 54 made and completed on or before such effective date.