HOUSE DOCKET, NO. 2173 FILED ON: 1/17/2013 HOUSE . . . . . . . . . . . . . . . No. 946 The Commonwealth of Massachusetts _________________ PRESENTED BY: Timothy R. Madden _______________ 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 passage of the accompanying: An Act ensuring fairness in deductible rates set by the Massachusetts Property Insurance Underwriting Association. _______________ PETITION OF: Name: | District/Address: | Timothy R. Madden | Barnstable, Dukes and Nantucket | Sarah K. Peake | 4th Barnstable | Cleon H. Turner | 1st Barnstable |
HOUSE DOCKET, NO. 2173 FILED ON: 1/17/2013 HOUSE . . . . . . . . . . . . . . . No. 946 By Mr. Madden of Nantucket, a petition (accompanied by bill, House, No. 946) of Timothy R. Madden, Sarah K. Peake and Cleon H. Turner relative to deductible rates set by the Massachusetts Property Insurance Underwriting Association for damages caused by windstorms or hail. Financial Services. |
The Commonwealth of Massachusetts
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). |
