senate Bill S5183

2019-2020 Legislative Session

Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint

download bill text pdf

Sponsored By

Current Bill Status - In Senate Committee Insurance Committee


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed/Vetoed by Governor

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Actions

view actions (2)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Jan 08, 2020 referred to insurance
Apr 12, 2019 referred to insurance

S5183 (ACTIVE) - Details

See Assembly Version of this Bill:
A6062
Current Committee:
Senate Insurance
Law Section:
Insurance Law
Laws Affected:
Add §3457, Ins L
Versions Introduced in 2017-2018 Legislative Session:
A7786

S5183 (ACTIVE) - Summary

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.

S5183 (ACTIVE) - Sponsor Memo

S5183 (ACTIVE) - Bill Text download pdf


                    S T A T E   O F   N E W   Y O R K
________________________________________________________________________

                                  5183

                       2019-2020 Regular Sessions

                            I N  S E N A T E

                             April 12, 2019
                               ___________

Introduced  by  Sen.  RAMOS  -- 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:

  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 PREVI-
OUSLY 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

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