senate Bill S4403A

2011-2012 Legislative Session

Provides for actuarially appropriate discounts on fire and homeowners insurance after completion of certified residential home safety and loss prevention course

download bill text pdf

Sponsored By

Archive: Last Bill Status -


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (4)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 04, 2012 referred to insurance
Jun 13, 2011 print number 4403a
amend and recommit to insurance
Apr 04, 2011 referred to insurance

Co-Sponsors

S4403 - Details

See Assembly Version of this Bill:
A1237A
Law Section:
Insurance Law
Laws Affected:
Amd §2346, add §2346-b, Ins L
Versions Introduced in 2009-2010 Legislative Session:
S2376, A9094

S4403 - Summary

Provides for the establishment of residential home safety and loss prevention courses certified by the superintendent of insurance; 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 insurance 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 insurance to issue a report thereon.

S4403 - Sponsor Memo

S4403 - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  4403

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 4, 2011
                               ___________

Introduced by Sens. O'MARA, DeFRANCISCO, MAZIARZ, RANZENHOFER, ZELDIN --
  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 DEPARTMENT OF STATE 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

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05010-01-1

Co-Sponsors

S4403A (ACTIVE) - Details

See Assembly Version of this Bill:
A1237A
Law Section:
Insurance Law
Laws Affected:
Amd §2346, add §2346-b, Ins L
Versions Introduced in 2009-2010 Legislative Session:
S2376, A9094

S4403A (ACTIVE) - Summary

Provides for the establishment of residential home safety and loss prevention courses certified by the superintendent of insurance; 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 insurance 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 insurance to issue a report thereon.

S4403A (ACTIVE) - Sponsor Memo

S4403A (ACTIVE) - Bill Text download pdf

                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                 4403--A

                       2011-2012 Regular Sessions

                            I N  S E N A T E

                              April 4, 2011
                               ___________

Introduced by Sens. O'MARA, DeFRANCISCO, MAZIARZ, RANZENHOFER, ZELDIN --
  read  twice  and  ordered printed, and when printed to be committed to
  the Committee on Insurance  --  committee  discharged,  bill  amended,
  ordered reprinted as amended and recommitted to said committee

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-

 EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                      [ ] is old law to be omitted.
                                                           LBD05010-03-1

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