New York S00133 prohibits insurers from excluding coverage for lead-based paint damages in rental properties.
New York S00133 amends the insurance law to prohibit insurers from excluding coverage for losses or damages caused by exposure to lead-based paint in rental properties. The bill mandates that no insurer licensed or permitted by the superintendent can exclude such coverage after 26 months from the effective date of the act. Previously approved exclusions must terminate within this timeframe. The act takes effect immediately upon enactment.
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