New York Senate Bill S00133 Latest Draft

   
  STATE OF NEW YORK ________________________________________________________________________ 133 2025-2026 Regular Sessions  IN SENATE (Prefiled) January 8, 2025 ___________ Introduced by Sens. RYAN S, BAILEY, BROUK, CLEARE, COMRIE, HARCKHAM, HOYLMAN-SIGAL, JACKSON, KAVANAGH, MAY, MAYER, MYRIE, PARKER, PERSAUD, RAMOS, RIVERA, SALAZAR, SEPULVEDA, SERRANO, SKOUFIS -- read twice and ordered printed, and when printed to be committed to the Committee on Insurance 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 3463 2 to read as follows: 3 § 3463. 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. LBD00408-01-5