New York S 133: Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint

Status: REFERRED TO INSURANCE (as of 2025-01-08)

State: New York · Session: 2025-2026 · Bill: S 133

Sponsors: Sean Ryan, Brad Hoylman-Sigal, Brian Kavanagh, Christopher Ryan, Cordell Cleare, Gustavo Rivera, Jamaal Bailey, James Skoufis, Jessica Ramos, José M. Serrano, Julia Salazar, Kevin S. Parker, Leroy Comrie, Luis R. Sepúlveda, Patricia Fahy, Pete Harckham, Rachel May, Robert Jackson, Roxanne J. Persaud, Samra Brouk, Shelley Mayer, Zellnor Myrie

Bill Text

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S00133 Summary:

BILL NOS00133 

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SAME ASSAME AS A01067

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SPONSORRYAN S

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COSPNSRBAILEY, BROUK, CLEARE, COMRIE, FAHY, HARCKHAM, HOYLMAN-SIGAL, JACKSON, KAVANAGH, MAY, MAYER, MYRIE,
 PARKER, PERSAUD, RAMOS, RIVERA, RYAN C, SALAZAR, SEPULVEDA, SERRANO, SKOUFIS

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MLTSPNSR

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Add §3463, Ins L

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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.

Go to top S00133 Actions:

BILL NOS00133 

&nbsp

01/08/2025REFERRED TO INSURANCE

Go to topS00133 Committee&nbspVotes:

Go to topS00133 Floor&nbspVotes:

There are no Assembly votes for this bill in this legislative session.

Go to topS00133 Text:

 STATE OF NEW YORK
 ________________________________________________________________________

 133

 2025-2026 Regular Sessions

 IN SENATE

 (Prefiled)

 January 8, 2025
 ___________

 Introduced by Sens. S. RYAN, 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.
 S LBD00408-01-5

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