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Bill > S534


MA S534

MA S534
Relative to the remediation of home heating oil releases


summary

Introduced
01/23/2017
In Committee
02/20/2018
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to the remediation of home heating oil releases. Financial Services.

AI Summary

This bill amends Chapter 175 of the General Laws to require the joint underwriting association and insurers licensed to write homeowners' insurance to provide coverage for the remediation of home heating oil releases. Specifically, it mandates that they provide first-party property coverage for response and cleanup costs, as well as third-party liability coverage for claims arising from such releases, with minimum coverage amounts specified. The bill will take effect on January 1, 2018.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (1)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 02/20/2018)

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