HOUSE DOCKET, NO. 89 FILED ON: 1/9/2015
HOUSE . . . . . . . . . . . . . . . No. 902
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The Commonwealth of Massachusetts
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PRESENTED BY:
Timothy R. Madden
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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 ensuring fairness in deductible rates set by the Massachusetts Property Insurance Underwriting Association.
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PETITION OF:
Name: | District/Address: | Date Added: |
Timothy R. Madden | Barnstable, Dukes and Nantucket | 1/9/2015 |
Thomas J. Calter | 12th Plymouth | 1/27/2015 |
James M. Cantwell | 4th Plymouth | 1/28/2015 |
Michael O. Moore | Second Worcester | 2/4/2015 |
Sarah K. Peake | 4th Barnstable | 1/13/2015 |
Timothy R. Whelan | 1st Barnstable | 1/21/2015 |
HOUSE DOCKET, NO. 89 FILED ON: 1/9/2015
HOUSE . . . . . . . . . . . . . . . No. 902
By Mr. Madden of Nantucket, a petition (accompanied by bill, House, No. 902) of Timothy R. Madden and others relative to deductible rates set by the Massachusetts Property Insurance Underwriting Association for damages caused by windstorms or hail. Financial Services. |
[SIMILAR MATTER FILED IN PREVIOUS SESSION
SEE HOUSE, NO. 946 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 ensuring fairness in deductible rates set by the Massachusetts Property Insurance Underwriting Association.
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. Chapter 175C of the General Laws, as appearing in the 2006 Official Edition, is hereby amended by inserting a new section as follows:- "Section 10. The Massachusetts Property Insurance Underwriting Association shall limit all minimum windstorm or hail deductible rates for the association homeowners insurance policies to a maximum of 2% across the state (or a maximum of no more than $5,000 for a primary residence).