NY A01687

Bill

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.

Introduced
01/17/2023

In Committee
05/07/2024

Crossed Over
05/07/2024

Passed

Dead
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 insurance companies licensed or permitted in New York from excluding coverage for losses or damages caused by exposure to lead-based paint in rental properties. The bill requires the Department of Insurance to not permit, authorize, or approve any new exclusions for lead-based paint exposure, and to terminate any previously approved exclusions within 26 months of the bill's effective date.

Committee Categories

Business and Industry, Housing and Urban Affairs

Sponsors (32)

Jonathan Rivera (D)*, Juan Ardila (D), Pat Burke (D), Sarah Clark (D), Catalina Cruz (D), Manny De Los Santos (D), Jeffrey Dinowitz (D), Harvey Epstein (D), Patricia Fahy (D), Deborah Glick (D), Andrew Hevesi (D), Chantel Jackson (D), Jonathan Jacobson (D), Anna Kelles (D), Charles Lavine (D), Jen Lunsford (D), Zohran Mamdani (D), Karen McMahon (D), Demond Meeks (D), Steve Otis (D), Crystal Peoples-Stokes (D), Karines Reyes (D), Linda Rosenthal (D), Nader Sayegh (D), Rebecca Seawright (D), Jo Anne Simon (D), Phara Souffrant Forrest (D), Al Stirpe (D), Al Taylor (D), Fred Thiele (D), David Weprin (D), Stefani Zinerman (D),

Last Action

REFERRED TO INSURANCE (on 05/07/2024)

Official Document

https://www.nysenate.gov/legislation/bills/2023/A1687

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.nysenate.gov/legislation/bills/2023/A1687
BillText	https://assembly.state.ny.us/leg/?default_fld=&bn=A01687&term=2023&Summary=Y&Actions=Y&Text=Y&Committee%26nbspVotes=Y&Floor%26nbspVotes=Y#A01687

Bill	Bill Name	Last Action	Type
A07488	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.	REFERRED TO INSURANCE	Reintroduced
S00088	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.	REFERRED TO INSURANCE	Same As

Bill > A01687

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (32)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary