Establishes residential home safety and loss prevention courses to reduce fire and homeowners insurance premiums.

The bill creates residential home safety and loss prevention courses certified by the superintendent of financial services. Insurers must offer actuarially appropriate discounts on fire and homeowners insurance premiums to homeowners who complete these courses. The superintendent is directed to issue a report on the effect of these provisions before the act expires. The superintendent must also promulgate rules and regulations to implement the program, including course sponsor application procedures, curriculum standards, and standards for class instructors.

Establishes residential home safety and loss prevention courses to reduce fire and homeowners insurance premiums.

The bill creates residential home safety and loss prevention courses certified by the superintendent of financial services. Insurers must offer actuarially appropriate discounts on fire and homeowners insurance premiums to homeowners who complete these courses. The superintendent is directed to issue a report on the effect of these provisions before the act expires. The superintendent must also promulgate rules and regulations to implement the program, including course sponsor application procedures, curriculum standards, and standards for class instructors.