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NY A07488
Bill
Status
6/8/2021
Primary Sponsor
Jonathan Rivera
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 rental property liability policies.
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Requires all previously approved exclusions for lead-based paint exposure to terminate within 26 months of the effective date.
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Prevents the department from approving any new exclusions for injury or damage from lead-based paint exposure that were not already in effect as of the bill's 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 INSURANCE
3/24/2022