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Bill > S05461


NY S05461

NY S05461
Requires the department of financial services to fulfill certain requirements to implement homeowner natural disaster preparedness, home safety and loss prevention courses.


summary

Introduced
02/21/2025
In Committee
02/09/2026
Crossed Over
Passed
Dead

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the insurance law, in relation to homeowner natural disaster preparedness, home safety and loss prevention courses

AI Summary

This bill requires the Department of Financial Services (DFS) to implement homeowner natural disaster preparedness, home safety, and loss prevention courses by issuing a request for proposals (RFP) for these courses and submitting a request for state funding by March 1, 2027, to make these programs a reality. The bill clarifies that a "homeowner natural disaster preparedness, home safety and loss prevention course" must be submitted to and approved by the superintendent, who can set standards for reviewing these courses, and that any applicant, whether an insurer or another entity, must have their proposed course approved by the superintendent. Importantly, no money can be spent on these courses until the superintendent approves a program and fiscal plan, which must include specific criteria for evaluating RFPs and uniform standards for courses and their costs.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

REPORTED AND COMMITTED TO FINANCE (on 02/09/2026)

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