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Bill > S550
MA S550
MA S550Relative to the duplicate application requirement for dwelling fire insurance policies
summary
Introduced
04/15/2015
04/15/2015
In Committee
04/15/2015
04/15/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
For legislation relative to the duplicate application requirement for dwelling fire insurance policies. Financial Services.
AI Summary
This bill amends Chapter 175 of the General Laws, specifically Section 98, concerning dwelling fire insurance policies. It removes the existing language and inserts new provisions that allow for the issuance of a written memorandum of a preliminary contract of insurance, also known as a binder of insurance, for a period of up to thirty days before the final insurance policy is issued. This binder serves as temporary proof of coverage against fire damage to a building.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see S2318 (on 06/06/2016)
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/189/Senate/S550 |
| State Bill Page | https://malegislature.gov/Bills/189/S550 |
| Bill | https://malegislature.gov/Bills/189/S550.pdf |
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