Bill Text: NY S03079 | 2021-2022 | General Assembly | Amended

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Bill Title: 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.

Spectrum: Partisan Bill (Democrat 24-1)

Status: (Introduced - Dead) 2022-02-10 - PRINT NUMBER 3079A [S03079 Detail]

Download: New_York-2021-S03079-Amended.html

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                STATE OF NEW YORK
        ________________________________________________________________________

                                         3079--A

                               2021-2022 Regular Sessions

                    IN SENATE

                                    January 27, 2021
                                       ___________

        Introduced  by  Sens.  RYAN,  BIAGGI, BROUK, JACKSON, KAVANAGH, KENNEDY,
          MANNION,  MAY,  PALUMBO,  RAMOS,  REICHLIN-MELNICK,  RIVERA,  SALAZAR,
          SKOUFIS  --  read  twice  and  ordered printed, and when printed to be
          committed to the Committee on Insurance -- recommitted to the  Commit-
          tee on Insurance in accordance with Senate Rule 6, sec. 8 -- committee
          discharged, bill amended, ordered reprinted as amended and recommitted
          to said committee

        AN ACT to amend the insurance law, in relation to prohibiting the exclu-
          sion  of  coverage  for  losses or damages caused by exposure to lead-
          based paint

          The People of the State of New York, represented in Senate and  Assem-
        bly, do enact as follows:

     1    Section  1.  The insurance law is amended by adding a new section 3462
     2  to read as follows:
     3    § 3462. Exclusion for lead hazards prohibited. No insurer licensed  or
     4  permitted  by the superintendent to provide liability coverage to rental
     5  property owners shall exclude, after  twenty-six  months  following  the
     6  effective date of this section, coverage for losses or damages caused by
     7  exposure to lead-based paint. The department shall not permit, authorize
     8  or approve any exclusion for injury or damage resulting from exposure to
     9  lead-based  paint,  except as specifically provided for in law, that was
    10  not in effect as of the effective date of this section, and  all  previ-
    11  ously approved exclusions shall terminate on or before twenty-six months
    12  following the effective date of this section.
    13    § 2. This act shall take effect immediately.



         EXPLANATION--Matter in italics (underscored) is new; matter in brackets
                              [ ] is old law to be omitted.
                                                                   LBD05070-04-2