SENATE DOCKET, NO. 267        FILED ON: 1/14/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 550

 

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Michael J. Rodrigues

_________________

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 the duplicate application requirement for dwelling fire insurance policies.

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PETITION OF:

 

Name:

District/Address:

Michael J. Rodrigues

First Bristol and Plymouth

Michael O. Moore

Second Worcester


SENATE DOCKET, NO. 267        FILED ON: 1/14/2015

SENATE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No. 550

By Mr. Rodrigues, a petition (accompanied by bill, Senate, No. 550) of Michael J. Rodrigues for legislation relative to the duplicate application requirement for dwelling fire insurance policies.  Financial Services.

 

The Commonwealth of Massachusetts

 

_______________

In the One Hundred and Eighty-Ninth General Court
(2015-2016)

_______________

 

An Act relative to the duplicate application requirement for dwelling fire insurance policies.

 

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 175 of the General Laws is hereby amended by striking out section 98, as so appearing in the 2012 Official Edition, and inserting in place thereof the following section:-

Section 98.  The issuance of a written memorandum of a preliminary contract of insurance, also referred to as a binder of insurance, shall be allowed for a period no longer than thirty days prior to the issuance of the actual insurance policy against loss or damage to a building fire.