Bill
Bill > H3730
MA H3730
MA H3730Relative to the duplicate application requirement for dwelling fire insurance policies
summary
Introduced
06/01/2015
06/01/2015
In Committee
08/13/2015
08/13/2015
Crossed Over
Passed
Dead
07/31/2016
07/31/2016
Introduced Session
189th General Court
Bill Summary
Relative to insurance binders for losses or damage due to building fires. Financial Services.
AI Summary
This bill proposes to amend Massachusetts General Laws Chapter 175, Section 98, which deals with insurance binders. Specifically, it allows 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, but only for policies covering loss or damage from building fires. This change aims to streamline the process of providing temporary insurance coverage while the full policy is being finalized for fire-related property risks.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4111 (on 03/28/2016)
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/House/H3730 |
| State Bill Page | https://malegislature.gov/Bills/189/H3730 |
| Bill | https://malegislature.gov/Bills/189/H3730.pdf |
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