A 1067: 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.
The proposed law aims to prohibit insurance companies from excluding coverage for losses or damages caused by exposure to lead-based paint. No insurer will be allowed to exclude coverage after 26 months following the law's effective date. The department will not permit, authorize, or approve any exclusion for injury or damage resulting from exposure to lead-based paint, except in cases where the law already permits it. All previously approved exclusions will terminate on or before 26 months following the law's effective date. The law will take effect immediately.
| Mar. 31, 2026 | REFERRED TO INSURANCE |
| Mar. 31, 2026 | delivered to senate |
| Mar. 31, 2026 | passed assembly |
| Jan. 07, 2026 | ordered to third reading cal.39 |
| Jun. 06, 2025 | ordered to third reading rules cal.414 |
STATE OF NEW YORK ________________________________________________________________________ 1067 2025-2026 Regular Sessions IN ASSEMBLY January 8, 2025 ___________ Introduced by M. of A. RIVERA, BENEDETTO, BRONSON, CLARK, COLTON, CONRAD, DE LOS SANTOS, DINOWITZ, GLICK, GONZALEZ-ROJAS, HEVESI, JACK- SON, JACOBSON, LUNSFORD, McDONOUGH, MEEKS, PEOPLES-STOKES, REYES, ROSENTHAL, SEAWRIGHT, SEPTIMO, SIMON, STECK, TAYLOR, STIRPE, STERN, WALKER, KELLES, BURDICK, SANTABARBARA, SHIMSKY, CUNNINGHAM, ZINERMAN -- read once and referred 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