Bill > A06508

This bill amends the New York insurance law to explicitly permit insurers to offer loss prevention programs that incentivize safe driving behavior through points-based rewards, as long as such programs are made available to both the general public and the insurer's policyholders. The bill modifies existing regulations about rebating and insurance industry practices by adding a new provision (subsection (c)) that clarifies insurers can create these programs without violating anti-rebating statutes. Specifically, the bill updates language to ensure that insurers can implement driver safety programs that provide rewards or incentives, such as tracking safe driving habits, without being considered as providing improper financial advantages to policyholders. The changes use gender-neutral language, replacing terms like "[his]" with "their" or "the insured's", and are designed to provide more flexibility for insurers in developing innovative loss prevention and safety incentive programs while maintaining consumer protection principles.

Business and Industry

https://www.nysenate.gov/legislation/bills/2025/A6508