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Bill > S2830


MA S2830

Relative to the remediation of home heating oil releases


summary

Introduced
04/14/2022
In Committee
04/19/2022
Crossed Over
04/14/2022
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to the remediation of home heating oil releases (being the text of Senate, No. 2821, printed as amended)

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 first-party property coverage for response action costs and property damage caused by a release of heating oil from a residential liquid fuel tank, as well as third-party liability coverage for claims arising from such a release. The bill allows insurers to charge reasonable premiums for this coverage and to exclude coverage if the release was due to the owner's failure to comply with certain requirements under Chapter 148. The bill applies to policies issued or renewed on or after January 1, 2023.

Committee Categories

Budget and Finance

Sponsors (4)

Other Sponsors (1)

Senate Committee on Ways and Means (S)

Last Action

No further action taken (on 01/03/2023)

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