Bill > S10403

This bill, by adding a new section to the insurance law, prohibits insurance companies licensed or permitted by the superintendent (referring to the Superintendent of Financial Services, the head of the state's financial regulatory agency) from excluding coverage for losses or damages resulting from exposure to lead-based paint for rental property owners. This prohibition will take effect twenty-six months after the bill becomes law, and any existing exclusions for lead-based paint hazards that were not in effect before the bill's passage will be terminated by that date, ensuring that landlords have liability coverage for such exposures.