Bill > H3471

This bill requires home heating oil retailers to provide an annual notice to their customers informing them about the availability of specialized insurance coverage related to potential environmental oil releases. Specifically, retailers must distribute a form approved by the board of fire prevention regulations that advises customers about two types of insurance: first-party property coverage for response action costs and third-party liability coverage for claims arising from heating oil spills. The notice is mandated to be sent annually to each home heating oil customer, helping to ensure consumers are aware of financial protection options in case of an accidental oil release into the environment. The bill amends Section 38J of chapter 148 of the General Laws and will take effect immediately upon passage. This legislation aims to increase consumer awareness about environmental liability insurance for home heating oil, potentially helping homeowners understand and mitigate financial risks associated with potential oil spills.

Transportation and Infrastructure

https://malegislature.gov/Bills/194/H3471