A01687 Summary:
| BILL NO | A01687 |
| SAME AS | SAME AS S00088 |
| SPONSOR | Rivera |
| COSPNSR | Clark, Cruz, De Los Santos, Dinowitz, Fahy, Hevesi, Lavine, Mamdani, McMahon, Meeks, Peoples-Stokes, Rosenthal L, Sayegh, Seawright, Taylor, Zinerman, Jackson, Simon, Lunsford, Jacobson, Epstein, Weprin, Kelles, Thiele, Stirpe, Glick, Otis, Reyes, Forrest, Ardila, Burke |
| MLTSPNSR | |
| Add §3462, Ins L | |
| 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. | |
A01687 Actions:
| BILL NO | A01687 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 01/17/2023 | referred to insurance | |||||||||||||||||||||||||||||||||||||||||||||||||
| 03/22/2023 | reported referred to codes | |||||||||||||||||||||||||||||||||||||||||||||||||
| 03/28/2023 | reported | |||||||||||||||||||||||||||||||||||||||||||||||||
| 03/30/2023 | advanced to third reading cal.102 | |||||||||||||||||||||||||||||||||||||||||||||||||
| 04/26/2023 | passed assembly | |||||||||||||||||||||||||||||||||||||||||||||||||
| 04/26/2023 | delivered to senate | |||||||||||||||||||||||||||||||||||||||||||||||||
| 04/26/2023 | REFERRED TO INSURANCE | |||||||||||||||||||||||||||||||||||||||||||||||||
| 01/03/2024 | DIED IN SENATE | |||||||||||||||||||||||||||||||||||||||||||||||||
| 01/03/2024 | RETURNED TO ASSEMBLY | |||||||||||||||||||||||||||||||||||||||||||||||||
| 01/03/2024 | ordered to third reading cal.50 | |||||||||||||||||||||||||||||||||||||||||||||||||
A01687 Memo:
Go to topNEW YORK STATE ASSEMBLY
MEMORANDUM IN SUPPORT OF LEGISLATION
submitted in accordance with Assembly Rule III, Sec 1(f)
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 3457, which prohibits exclusion for lead hazards on and after the 26th month follow- ing the bill taking effect. Section 2: Sets an immediate effective date. JUSTIFICATION: Lead poisoning leads to a multitude of issues that can detrimentally impact a person throughout their lifetime. It leads to decreased IQ and cognitive function, developmental delays, and behavioral problems in children. In adults, lead poisoning can manifest itself in the form of hypertension and cardiovascular disease. Some have even linked early exposure to lead with Alzheimer's disease. Extreme levels can cause severe and immediate consequences, such as seizures, comas, and even death. The most common cause of lead poisoning in children is the inges- tion of lead paint from poorly maintained residential housing units. New York State has a lead poisoning problem. Because lead will remain in U.S. housing for decades to come, it is important that New York State take action to protect renters. This bill requires that liability cover- age include coverage for injuries or damage caused by exposure to lead paint. If signed into law, this would be an important measure to protect New Yorkers who are exposed to this dangerous substance. LEGISLATIVE HISTORY: 2021-2022- A.7488 Passed the Assembly 2019-2020: A.6062 Passed the Assembly 2017-2018: A.7786 Passed the Assembly FISCAL IMPLICATIONS: None. EFFECTIVE DATE: This act shall take effect immediately.
A01687 Text:
Go to topSTATE OF NEW YORK ________________________________________________________________________ 1687 2023-2024 Regular Sessions IN ASSEMBLY January 17, 2023 ___________ Introduced by M. of A. RIVERA, CLARK, CRUZ, DE LOS SANTOS, DINOWITZ, FAHY, HEVESI, LAVINE, MAMDANI, McMAHON, MEEKS, PEOPLES-STOKES, L. ROSENTHAL, SAYEGH, SEAWRIGHT, TAYLOR, ZINERMAN, JACKSON, SIMON -- 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 3462 2 to read as follows: 3 § 3462. 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. LBD01667-01-3