summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation relative to the homeowners' fire insurance policies. Financial Services.
AI Summary
This bill amends Section 193P of Chapter 175 of the General Laws to prohibit insurance companies from cancelling or non-renewing a homeowner's fire insurance policy without good cause. The bill requires insurance companies to provide written notice of their intent to not renew or reissue a policy at least 60 days prior to the policy's expiration, and the notice must include the reasons for the decision and measures the insured can take to mitigate those reasons. The bill also directs the Division of Insurance to promulgate regulations to enforce these provisions.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Accompanied a study order, see S2700 (on 02/17/2022)
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/192/S721 |
| Bill | https://malegislature.gov/Bills/192/S721.pdf |
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