What's happening
This bill prohibits insurance companies from excluding coverage for losses or damages caused by exposure to lead-based paint in rental properties.
Why it matters
Makes it harder for insurers to deny coverage for lead paint claims. , which could increase protection for both tenants and landlords facing costly health or remediation issues from lead exposure.
May encourage more rigorous lead safety standards in rental properties. , since insurance will no longer exclude lead-related damages and landlords will need to be proactive in managing risks.
Could impact the cost and availability of liability insurance. for rental property owners, as insurers may adjust premiums or policy terms to account for the added risk of lead-related claims.
Addresses a significant public health concern. , especially for children and vulnerable residents, by ensuring financial support is available for damages or injuries caused by lead-based paint, which remains a danger in many older buildings.
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Who cares
Rental property owners
Their liability insurers would be barred from excluding coverage for losses or damages caused by exposure to lead-based paint after a 26-month transition.
Liability insurers covering rental properties
They would have to end previously approved lead-paint exclusions on or before 26 months after the bill takes effect.
Tenants exposed to lead-based paint
The bill would prohibit exclusions for lead-paint losses or damages under rental property owners’ liability coverage.
State insurance regulators
They would be barred from approving new lead-paint exclusions unless specifically provided for in law.
Headline styles
Cover Lead Paint Damages
Plain English, a few words. Used as the page title.
Sponsors
3 Co-sponsors
History
- Referred to rules
- Delivered to senate
- Passed assembly
- Ordered to third reading cal.228
- Returned to assembly
- Died in senate
- Referred to rules
- Delivered to senate
- Passed assembly
- Advanced to third reading cal.525
- Reported
- Reported referred to codes
Show 1 earlier action
- Referred to insurance
Companion bill
The same bill in the other chamber. A bill becomes law when one version passes both houses and the governor signs it, so either number can carry it.
End Lead Paint Insurance Loophole
In Senate Committee · Insurance · Sponsor Jessica Ramos
Full text
1 pageUnderlined is new[Struck] is removedOfficial text on nysenate.gov ↗
STATE OF NEW YORK
6062
2019-2020 Regular Sessions
IN ASSEMBLY
February 26, 2019
Introduced by M. of A. RYAN -- read once and referred to the Committee on Insurance
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
The People of the State of New York, represented in Senate and Assembly, do enact as follows:
Section 1. The insurance law is amended by adding a new section 3457 to read as follows:
§ 3457. Exclusion for lead hazards prohibited. No insurer licensed or permitted by the superintendent to provide liability coverage to rental property owners shall exclude, after twenty-six months following the effective date of this section, coverage for losses or damages caused by exposure to lead-based paint. The department shall not permit, authorize or approve any exclusion for injury or damage resulting from exposure to lead-based paint, except as specifically provided for in law, that was not in effect as of the effective date of this section, and all previously approved exclusions shall terminate on or before twenty-six months following the effective date of this section.
§ 2. This act shall take effect immediately.
EXPLANATION--Matter in italics (underscored) is new; matter in brackets
[ ] is old law to be omitted.
LBD08060-01-9
Reflowed for reading: line numbers and page breaks removed. Cite the official text.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.