Bill
Bill > S00088
NY S00088
NY S00088Relates 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
01/04/2023
01/04/2023
In Committee
01/03/2024
01/03/2024
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
2023-2024 General Assembly
Bill Summary
AN ACT to amend the insurance law, in relation to prohibiting the exclusion of coverage for losses or damages caused by exposure to leadbased paint
AI Summary
This bill prohibits insurers from excluding coverage for losses or damages caused by exposure to lead-based paint in rental property liability policies. The bill requires insurers to continue providing coverage for lead-based paint exposure and prohibits the Department of Insurance from approving any new exclusions for such coverage, with existing exclusions terminating within 26 months of the bill's effective date.
Committee Categories
Business and Industry
Sponsors (22)
Sean Ryan (D)*,
Jamaal Bailey (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),
Kevin Parker (D),
Roxanne Persaud (D),
Jessica Ramos (D),
Gustavo Rivera (D),
Julia Salazar (D),
Luis Sepúlveda (D),
Jose Serrano (D),
James Skoufis (D),
Last Action
REFERRED TO INSURANCE (on 01/03/2024)
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/2023/S88 |
| BillText | https://assembly.state.ny.us/leg/?default_fld=&bn=S00088&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#S00088 |
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