Screwed into the 3/4" FPT hot water outlet of a 40 gal water heater is a white plastic (PVC?) insert that has a cross in the center. It does not restrict air or water movement. What is this device? It appears the top part is gone. Is it the remnants of a check valve, whose ball is gone? If so, what is its intended purpose? To shut off flow if the downstream piping is broken?
If this item broke, could water be released into the room containing the heater? Or is it totally contained in the metal piping?