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.

This bill aims to ensure that rental property owners have insurance coverage for damages or losses related to lead-based paint exposure. It prohibits insurers from excluding such coverage in their liability policies. This is particularly important for protecting tenants from health risks associated with lead exposure.

Supporters of the bill argue that it is a vital step in safeguarding public health, particularly for vulnerable populations like children who are at risk from lead poisoning. By ensuring that insurance covers lead-related damages, the bill promotes accountability among property owners and encourages safer living environments.

Critics may argue that this bill could lead to increased insurance costs for rental property owners, which could ultimately be passed on to tenants in the form of higher rents. They may also express concerns that it could create unnecessary burdens on insurers and lead to a decrease in available rental housing options.