summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
12/31/2024
Introduced Session
193rd 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 canceling or non-renewing a homeowner's fire insurance policy without good cause. The bill requires insurance companies to provide written notice of their intent not to renew or reissue a policy at least 60 days prior to the policy's expiration, and the notice must include a detailed explanation of 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 the provisions of this act.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Accompanied a study order, see S2636 (on 02/12/2024)
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/193/S702 |
| BillText | https://malegislature.gov/Bills/193/S702.pdf |
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