Senate BillIntroduced
S 5330: Authorizes insurers to provide no or low cost loss prevention programs to policyholders, pursuant to regulations.
What S 5330 does, verified January 8, 2026
The proposed law aims to exempt insurers from certain restrictions on providing loss prevention programs at no or reduced cost to policyholders. It allows insurers to offer these programs, subject to regulations set by the superintendent. Violators of this provision will be subject to a penalty of $500 for each violation, in addition to other penalties. The law will take effect immediately.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO INSURANCE (2026-01-07)Alert me
Quick answers about S 5330
- What is the current status of S 5330?
- As of January 8, 2026, S 5330 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO INSURANCE".
- Did S 5330 pass?
- Not yet. S 5330 has been introduced and has not passed either house.
- Who wrote S 5330, and where is it now?
- S 5330 was authored by Sen. Jamaal Bailey. Its committee of record is Senate Insurance.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO INSURANCE |
| Feb. 20, 2025 | REFERRED TO INSURANCE |
Latest bill textIntroduced version, February 20, 2025 · 200 words
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
Text of S 5330 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions