Assembly Actions -
Lowercase Senate Actions - UPPERCASE |
|
---|---|
Jan 06, 2016 |
referred to insurance |
Jan 12, 2015 |
referred to insurance |
Senate Bill S1441
2015-2016 Legislative Session
Sponsored By
(R, C) 58th Senate District
Archive: Last Bill Status - In Senate Committee Insurance Committee
- Introduced
-
- In Committee Assembly
- In Committee Senate
-
- On Floor Calendar Assembly
- On Floor Calendar Senate
-
- Passed Assembly
- Passed Senate
- Delivered to Governor
- Signed By Governor
Actions
co-Sponsors
(D) Senate District
(D) Senate District
2015-S1441 (ACTIVE) - Details
- See Assembly Version of this Bill:
- A4688
- Current Committee:
- Senate Insurance
- Law Section:
- Insurance Law
- Laws Affected:
- Amd §2346, add §2346-b, Ins L
- Versions Introduced in Other Legislative Sessions:
-
2009-2010:
S2376, A9094
2011-2012: S4403, A1237
2013-2014: S3286, A1475
2017-2018: A3835
2019-2020: A4813
2021-2022: A4032
2023-2024: A2436
2015-S1441 (ACTIVE) - Summary
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.
2015-S1441 (ACTIVE) - Sponsor Memo
BILL NUMBER:S1441 TITLE OF BILL: An act to amend the insurance law, in relation to establishing residential 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 PURPOSE: To permit the superintendent of insurance to provide an actuarially appropriate reduction in insurance premiums to those individuals that take a certified Home Safety and Loss Prevention Course. SUMMARY OF PROVISIONS: Section 1. Amends section 2346 of the Insurance Law by adding subsection (5) to provide that an appropriate premium discount be given by insurers to fire and homeowners insurance policy holders for a three year period after successfully completing a course in home safety and accident prevention. The discount shall be based on sound actuarial practices. Such courses shall be certified by the Insurance Department pursuant to Insurance Law, section 2346-1. Section 2: A new section 2346-b of the Insurance Law is added to establish standards that residential home safety and loss prevention
2015-S1441 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 1441 2015-2016 Regular Sessions I N S E N A T E January 12, 2015 ___________ Introduced by Sen. O'MARA -- read twice and ordered printed, and when printed to be committed to the Committee 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: Section 1. Section 2346 of the insurance law is amended by adding a new subsection 5 to read as follows: 5. THE SUPERINTENDENT SHALL PROVIDE FOR AN ACTUARIALLY APPROPRIATE REDUCTION IN THE RATES OF FIRE INSURANCE PREMIUMS OR HOMEOWNERS INSUR- ANCE PREMIUMS APPLICABLE TO RESIDENTIAL REAL PROPERTY FOR ANY INSURED FOR A THREE YEAR PERIOD AFTER SUCCESSFULLY COMPLETING A RESIDENTIAL HOME SAFETY AND LOSS PREVENTION COURSE CERTIFIED PURSUANT TO SECTION TWO THOUSAND THREE HUNDRED FORTY-SIX-B OF THIS ARTICLE. S 2. The insurance law is amended by adding a new section 2346-b to read as follows: S 2346-B. CERTIFICATION OF RESIDENTIAL HOME SAFETY AND LOSS PREVENTION COURSES. (A) THE DEPARTMENT, IN CONSULTATION WITH THE OFFICE OF FIRE PREVENTION AND CONTROL OF THE DIVISION OF HOMELAND SECURITY AND EMERGEN- CY SERVICES AND ANY ADDITIONAL STATE ENTITY IT DEEMS APPROPRIATE, SHALL CERTIFY ALL RESIDENTIAL HOME SAFETY AND LOSS PREVENTION COURSES THAT ARE AUTHORIZED TO OFFER CLASSES THROUGH WHICH THE INSURED SHALL BE ELIGIBLE TO RECEIVE AN INSURANCE PREMIUM REDUCTION PURSUANT TO SUBSECTION FIVE OF SECTION TWO THOUSAND THREE HUNDRED FORTY-SIX OF THIS ARTICLE. (B) FOR THE PURPOSES OF THIS SECTION: (1) "RESIDENTIAL HOME SAFETY AND LOSS PREVENTION COURSE" OR "COURSE" SHALL MEAN AN INSTRUCTIONAL PROGRAM THAT PRESENTS INFORMATION AND METH- ODS THAT CAN HELP AN INSURED TO SIGNIFICANTLY PREVENT OR MINIMIZE PERSONAL INJURIES AND PROPERTY LOSSES IN RESIDENTIAL REAL PROPERTY DUE EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets [ ] is old law to be omitted. LBD06448-01-5
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