New York A01067 prohibits insurers from excluding coverage for lead-based paint damages.

New York A01067 amends the insurance law to prohibit insurers from excluding coverage for losses or damages caused by exposure to lead-based paint. Specifically, no insurer licensed or permitted by the superintendent to provide liability coverage to rental property owners can exclude such coverage after twenty-six months following the effective date of this section. The Department of Financial Services is also prohibited from permitting, authorizing, or approving any exclusion for injury or damage resulting from exposure to lead-based paint.

New York A01067 prohibits insurers from excluding coverage for lead-based paint damages.

New York A01067 amends the insurance law to prohibit insurers from excluding coverage for losses or damages caused by exposure to lead-based paint. Specifically, no insurer licensed or permitted by the superintendent to provide liability coverage to rental property owners can exclude such coverage after twenty-six months following the effective date of this section. The Department of Financial Services is also prohibited from permitting, authorizing, or approving any exclusion for injury or damage resulting from exposure to lead-based paint.