HOUSE DOCKET, NO. 2000 FILED ON: 1/15/2015
HOUSE . . . . . . . . . . . . . . . No. 897
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The Commonwealth of Massachusetts
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PRESENTED BY:
Robert M. Koczera
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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 relative to homeowner insurance.
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PETITION OF:
Name: | District/Address: | Date Added: |
Robert M. Koczera | 11th Bristol | 1/15/2015 |
HOUSE DOCKET, NO. 2000 FILED ON: 1/15/2015
HOUSE . . . . . . . . . . . . . . . No. 897
By Mr. Koczera of New Bedford, a petition (accompanied by bill, House, No. 897) of Robert M. Koczera relative to homeowners insurance. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 942 OF 2013-2014.]
The Commonwealth of Massachusetts
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In the One Hundred and Eighty-Ninth General Court
(2015-2016)
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An Act relative to homeowner 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 1. Section 99 of Chapter 175 of the General Laws, as appearing in the 2004 Official Edition, is hereby amended after line 349 by adding the following new text:-
Seventeenth. Nothing listed in this section shall prohibit a company from issuing a contract to insure against loss by fire or other perils that excludes coverages for wind based damages.
SECTION 2. The Massachusetts Property Insurance Underwriting Association, as established under Chapter 175C of the General Laws, shall be hereby directed to develop and implement a residual market for wind based damages, for applicants who are unable to obtain such coverage in the voluntary market.