Assembly Actions -
Senate Actions - UPPERCASE
|Jan 04, 2023||
referred to insurance
Senate Bill S88
2023-2024 Legislative Session
Current Bill Status - In Senate Committee Insurance Committee
- In Committee Assembly
- On Floor Calendar Assembly
- Passed Assembly
- Delivered to Governor
- Signed By Governor
2023-S88 (ACTIVE) - Details
2023-S88 (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.
2023-S88 (ACTIVE) - Sponsor Memo
BILL NUMBER: S88 REVISED 12/30/2022 SPONSOR: RYAN TITLE OF BILL: 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 PURPOSE: This bill would help to protect renters who are exposed to lead-based paint by prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint from liability coverage provided to rental property owners. SUMMARY OF PROVISIONS: Section 1: Amends the Insurance Law by adding a new section 3462, which prohibits exclusion for lead hazards on and after the 26th month follow- ing the bill taking effect.
2023-S88 (ACTIVE) - Bill Text download pdf
S T A T E O F N E W Y O R K ________________________________________________________________________ 88 2023-2024 Regular Sessions I N S E N A T E (PREFILED) January 4, 2023 ___________ Introduced by Sen. RYAN -- 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 3462 to read as follows: § 3462. 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. LBD01667-01-3
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