Budget Amendment ID: FY2017-S4-674

ECO 674

Dwelling Fire Insurance Policies

Messrs. Moore and Rodrigues moved that the proposed new text be amended by inserting after section ____, the following new section: -

"SECTION __. Chapter 175 of the General Laws is hereby amended by striking out Section 98, as so appearing in the 2014 Official Edition, and inserting in place thereof the following section:-

Section 98.  The issuance of a written memorandum of a preliminary contract of insurance, as referenced in Section 65 of Chapter 183, also referred to as a binder of insurance, shall be allowed for a period of no longer than thirty days prior to the issuance of the actual insurance policy."