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NY A01067
Bill
Status
1/8/2025
Primary Sponsor
Jonathan Rivera
Click for details
AI Summary
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Prohibits insurers providing liability coverage to rental property owners from excluding coverage for losses or damages caused by exposure to lead-based paint
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Requires all previously approved lead-based paint exclusions to terminate within 26 months of the law's effective date
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Bars the Department of Financial Services from permitting, authorizing, or approving any new lead-based paint exclusions that were not already in effect when the law takes effect
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Takes effect immediately upon passage, with the 26-month implementation period for insurers to comply with the coverage requirements
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
ordered to third reading cal.39
1/7/2026