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Bill

Bill

A 1763

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

2025 Regular Session Introduced by William Colton and 7 co-sponsors

Bill A 1763 allows homeowners to earn discounts on fire and homeowners insurance by completing a certified safety course, promoting safer homes and lower costs.

REFERRED TO INSURANCE
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WeVote Research Nonpartisan
Bill Summary · A 1763

Summary of Bill A 1763

Overview

Bill Number: A 1763
Title: Provides for actuarially appropriate discounts on fire and homeowners insurance after completion of certified residential home safety and loss prevention course; repealer
Status: Referred to Insurance
Introduced: January 14, 2025

Purpose and Intent

The primary aim of Bill A 1763 is to incentivize homeowners to enhance the safety and resilience of their residences through education. By completing a certified residential home safety and loss prevention course, homeowners would become eligible for actuarially appropriate discounts on their fire and homeowners insurance premiums. This initiative seeks to promote safer living environments while potentially lowering insurance costs for participants.

Key Provisions

  • Insurance Discounts: The bill mandates that insurance companies offer discounts on fire and homeowners insurance premiums to policyholders who have successfully completed a certified home safety and loss prevention course.
  • Certification Requirement: The course must be certified, ensuring that it meets specific standards and effectively educates homeowners on safety measures and loss prevention strategies.
  • Repealer Clause: The bill includes a provision to repeal any conflicting laws or regulations that may hinder the implementation of these discounts.

Affected Parties

  • Homeowners: Individuals who own residential properties will directly benefit from potential insurance premium reductions.
  • Insurance Companies: Insurers will need to adjust their pricing models to accommodate the new discount structure, which may involve recalibrating risk assessments based on the completion of the safety course.
  • Course Providers: Organizations or entities that offer the certified home safety and loss prevention courses may see an increase in demand for their services.

Procedural Aspects

  • The bill was introduced on January 14, 2025, and has been referred to the Insurance Committee for further consideration.
  • The legislative process will involve discussions, potential amendments, and votes within the committee before it can advance to the broader legislative body.

Related Legislation

Bill A 1763 is connected to several prior-session bills, including:
- A 4688
- A 1475
- A 1237
- A 9094
- A 152
- A 3835
- A 4813
- A 4032
- A 2436
- S 7827 (companion bill)

These related bills may provide context or additional frameworks that influence the current legislative proposal.

Conclusion

Bill A 1763 represents a proactive approach to enhancing residential safety and reducing insurance costs through education. By encouraging homeowners to engage in safety training, the bill aims to foster a culture of prevention and preparedness, ultimately benefiting both individuals and the insurance industry. As it progresses through the legislative process, stakeholders will be closely monitoring its developments and potential implications.

Compiled from official sources — confirm details with the bill’s official record.

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