summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th 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 cancelling or non-renewing a homeowner's fire insurance policy without good cause. It requires insurers to provide 60 days' written notice of their intent not to renew a policy, which must include a detailed explanation of the reasons for the non-renewal or cancellation and measures the insured can take to mitigate those reasons. The bill also directs the Division of Insurance to promulgate regulations to enforce these provisions.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Accompanied a study order, see S2496 (on 04/30/2018)
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/190/S574 |
| Bill | https://malegislature.gov/Bills/190/S574.pdf |
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