STATE OF NEW YORK
________________________________________________________________________
5330
2025-2026 Regular Sessions
IN SENATE
February 20, 2025
___________
Introduced by Sen. BAILEY -- 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 loss prevention
programs
The People of the State of New York, represented in Senate and Assem-bly, do enact as follows:
1 Section 1. Subsection (f) of section 2324 of the insurance law is
2 amended to read as follows:
3 (f) This section shall not prohibit any insurer from providing loss
4 mitigation or loss control programs at no or reduced cost to policyhold-
5 ers, pursuant to regulations promulgated by the superintendent.
6 (g) Any person or corporation violating the provisions of this section
7 shall, in addition to all other penalties provided by law, pay to the
8 people of this state as a penalty the sum of five hundred dollars for
9 each such violation.
10 § 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[] is old law to be omitted.
LBD09810-01-5
