Bill
Bill > A06062
NY A06062
NY A06062Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint; provides that no insurer licensed or permitted by the superintendent to provide liability coverage to rental property owners shall exclude coverage for losses or damages caused by exposure to lead-based paint.
summary
Introduced
02/26/2019
02/26/2019
In Committee
07/21/2020
07/21/2020
Crossed Over
06/13/2019
06/13/2019
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
2019-2020 General Assembly
Bill Summary
Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint; provides that no insurer licensed or permitted by the superintendent to provide liability coverage to rental property owners shall exclude coverage for losses or damages caused by exposure to lead-based paint.
AI Summary
This bill prohibits insurers from excluding coverage for losses or damages caused by exposure to lead-based paint in liability coverage for rental property owners. It requires the Department of Insurance to not permit, authorize, or approve any such exclusions, except as provided by law, and mandates that all previously approved exclusions will terminate within 26 months of the bill's effective date.
Committee Categories
Business and Industry, Housing and Urban Affairs
Sponsors (4)
Last Action
REFERRED TO RULES (on 07/21/2020)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
Loading...