By Mr. Spellane of Worcester, petition (accompanied by bill, House, No. 1088) of Robert P. Spellane relative to applications for insurance against loss or damage to a building by fire.  Financial Services.

The Commonwealth of Massachusetts

——————

PETITION OF:

Robert P. Spellane

——————

In the Year Two Thousand and Seven.

——————

An Act relative to applications for insurance against loss or damage to a building by fire.

    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 1 of Chapter 175 of the General Laws is hereby amended by striking out section 98, as so appearing in the 2004 Official Edition, and inserting in place thereof the following section:-

Section 98.  The issuance of a written memorandum of a preliminary contract of insurance shall be allowed for a period no longer than thirty days prior to the issuance of the actual insurance policy.