Bill
Bill > S00619
NY S00619
NY S00619Relates 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
01/06/2021
01/06/2021
In Committee
01/06/2021
01/06/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
2021-2022 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 policies for rental property owners. The bill gives insurers 26 months to comply with this new requirement and prohibits the state insurance department from approving any new exclusions for lead-based paint exposure, except as specifically provided by law.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
RECOMMIT, ENACTING CLAUSE STRICKEN (on 01/19/2021)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.nysenate.gov/legislation/bills/2021/S619 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00619&term=2021&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00619 |
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