S10403 • 2025

Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint

Housing

Active

The official status still shows this bill as active or still awaiting another formal step.

Sponsor: Jamaal Bailey
Last action: 2026-05-15
Official status: In Senate Committee
Effective date: Not listed

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint

Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint 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.

What This Bill Does

Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint 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.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-05-15 Senate
REFERRED TO INSURANCE

Official Summary Text

Relates to prohibiting the exclusion of coverage for losses or damages caused by exposure to lead-based paint
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.

Current Bill Text

Read the full stored bill text

S T A T E   O F   N E W   Y O R K
        ________________________________________________________________________

                                          10403

                                    I N  S E N A T E

                                      May 15, 2026
                                       ___________

        Introduced  by  Sen.  BAILEY -- 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.
                                                                   LBD00408-01-5