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2012 SESSION
HB 523 Fire insurance policy; notice regarding earthquake exclusion.
Introduced by: Peter F. Farrell | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED HOUSE:
Fire insurance; earthquake coverage notice. Requires fire insurance policies or contracts that exclude coverage for earthquake damage to provide a written notice that (i) conspicuously states that earthquake coverage is excluded unless purchased by endorsement and (ii) if such coverage is otherwise available from the insurer, states that information regarding earthquake insurance is available from the insurer or the insurance agent. The measure applies to policies issued or renewed on or after January 1, 2013. This bill is identical to SB 369.
SUMMARY AS INTRODUCED:
Fire insurance; earthquake coverage notice. Requires fire insurance policies that exclude coverage for earthquake damage to provide a written notice that earthquake coverage is excluded and that earthquake insurance may be available for an additional premium.