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Bill > S03079
NY S03079
NY S03079Relates 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
01/27/2021
01/27/2021
In Committee
01/05/2022
01/05/2022
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 licensed to provide liability coverage to rental property owners from excluding coverage for losses or damages caused by exposure to lead-based paint. It requires the Department of Insurance to terminate any previously approved exclusions related to lead-based paint exposure within 26 months of the bill's effective date. The bill aims to ensure that rental property owners have insurance coverage for issues related to lead-based paint, which can pose significant health risks, particularly to children.
Committee Categories
Business and Industry
Sponsors (25)
Sean Ryan (D)*,
Jamaal Bailey (D),
Alessandra Biaggi (D),
Samra Brouk (D),
Cordell Cleare (D),
Leroy Comrie (D),
Pete Harckham (D),
Brad Hoylman (D),
Robert Jackson (D),
Brian Kavanagh (D),
Timothy Kennedy (D),
John Mannion (D),
Rachel May (D),
Shelley Mayer (D),
Zellnor Myrie (D),
Tony Palumbo (R),
Kevin Parker (D),
Roxanne Persaud (D),
Jessica Ramos (D),
Elijah Reichlin-Melnick (D),
Gustavo Rivera (D),
Julia Salazar (D),
Luis Sepúlveda (D),
Jose Serrano (D),
James Skoufis (D),
Last Action
PRINT NUMBER 3079A (on 02/10/2022)
Official Document
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