HOUSE DOCKET, NO. 667 FILED ON: 1/18/2011
HOUSE . . . . . . . . . . . . . . . No. 298
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The Commonwealth of Massachusetts
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PRESENTED BY:
Ronald Mariano
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act relating to fire insurance.
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PETITION OF:
Name: | District/Address: | Date Added: |
Ronald Mariano | 3rd Norfolk | 1/18/2011 |
HOUSE DOCKET, NO. 667 FILED ON: 1/18/2011
HOUSE . . . . . . . . . . . . . . . No. 298
By Mr. Mariano of Quincy, a petition (accompanied by bill, House, No. 298) of Ronald Mariano relative to the payment of fire insurance claims on real estate losses. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 957 OF 2009-2010.]
The Commonwealth of Massachusetts
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In the Year Two Thousand Eleven
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An Act relating to fire insurance.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Section 97 of Chapter 175 of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting at the end thereof the following:-
Notwithstanding any provision in this chapter to the contrary, no such mortgagee or mortgagees shall be entitled to payment of a claim for a loss or covered real estate which equals less than ten thousand dollars, and for which such mortgagee or mortgagees are otherwise entitled to payment.