Relates to loss prevention programs

This bill (S 5330) allows insurance companies to offer free or low-cost programs to help policyholders prevent property damage (like fire safety checks or security upgrades), directly benefiting homeowners and businesses. It requires these programs to follow rules set by the state insurance superintendent. Insurers who fail to comply face a $500 penalty per violation, and the law takes effect immediately. The change updates insurance law to encourage proactive risk reduction without mandating specific programs.