New York A06508 allows insurers to offer loss prevention programs with points-based rewards if participation is open to both the general public and.

New York A06508 amends the insurance law to permit insurers to offer loss prevention programs that provide points-based rewards for safe behavior, provided these programs are accessible to both the general public and the insurer's policyholders. The bill ensures that insurers can incentivize safe driving behavior through such programs without violating existing laws against rebating and discrimination. It also maintains existing rules regarding the distribution of dividends and commissions.

New York A06508 allows insurers to offer loss prevention programs with points-based rewards if participation is open to both the general public and.

New York A06508 amends the insurance law to permit insurers to offer loss prevention programs that provide points-based rewards for safe behavior, provided these programs are accessible to both the general public and the insurer's policyholders. The bill ensures that insurers can incentivize safe driving behavior through such programs without violating existing laws against rebating and discrimination. It also maintains existing rules regarding the distribution of dividends and commissions.