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NY A06062
Bill
Status
6/13/2019
Primary Sponsor
Sean Ryan
Click for details
AI Summary
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Prohibits insurers licensed by the superintendent from excluding coverage for losses or damages caused by exposure to lead-based paint in liability policies for rental property owners.
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Requires all previously approved lead-based paint exclusions to terminate within 26 months of the effective date of this section.
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Prevents the Department of Insurance from permitting, authorizing, or approving any new exclusions for injury or damage resulting from exposure to lead-based paint after the effective date.
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Takes effect immediately upon enactment.
Legislative Description
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.
Last Action
REFERRED TO RULES
7/21/2020