Amends existing law to provide additional exceptions to insurance discrimination and rebate provisions for value-added products or services.

Thepurposeofthislegislationistocreateanallowanceforconsumertobeprovided,forfreeoratareducedrate, risk mitigation devices and services. Possible examples include fitness trackers provided by health insurance companies, or water/leak detection devices provided by homeowners insurance companies. It also clarifies that participation in arrangements that do not violate certain sections of the Bank Holding Company Act and the Home Owners’ Loan Act are permitted.