summary
Introduced
01/22/2019
01/22/2019
In Committee
05/04/2020
05/04/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation relative to the remediation of home heating oil releases. Financial Services.
AI Summary
This bill amends Chapter 175 of the General Laws to require the joint underwriting association and insurers licensed to write homeowners' insurance to provide coverage for the remediation of home heating oil releases. The key provisions include: (1) first-party property coverage for response action costs and property damage caused by a heating oil release, with minimum coverage of $75,000 per occurrence; (2) third-party liability coverage for claims arising from a heating oil release, with minimum coverage of $250,000 per occurrence; and (3) the requirement for this coverage to be included in all homeowners' insurance policies issued or renewed on or after January 1, 2020.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (8)
Brendan Crighton (D),
Ryan Fattman (R),
Barry Finegold (D),
Anne Gobi (D),
Adam Hinds (D),
Jason Lewis (D),
Mike Moore (D),
Bruce Tarr (R),
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 05/04/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/S594 |
| Bill | https://malegislature.gov/Bills/191/S594.pdf |
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