Bill > A01763

This bill establishes a program for residential home safety and loss prevention courses that will allow homeowners to receive insurance premium discounts. Specifically, the bill requires the New York State Department of Financial Services to certify courses that teach methods to prevent or minimize personal injuries and property losses from events like fires, theft, burglary, accidents, and weather-related disasters. Homeowners who successfully complete a certified course will be eligible for an actuarially appropriate reduction in their fire or homeowners insurance premiums for a three-year period. The bill mandates that the department develop detailed rules for course certification, including application procedures, curriculum standards, instructor training requirements, and methods to ensure course effectiveness. Course sponsors must demonstrate that their program will significantly reduce property losses, and must provide tamper-proof completion certificates. The department is authorized to suspend course sponsor certifications for violations and can adjust premium discounts based on actuarial calculations. The bill includes a sunset provision, requiring the superintendent of financial services to report on the program's effectiveness within 180 days of the law's expiration, and the entire program will automatically expire after five years.

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https://www.nysenate.gov/legislation/bills/2025/A1763