2018 -- S 2444

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LC004776

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     STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2018

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A N   A C T

RELATING TO INSURANCE - CASUALTY INSURANCE GENERALLY

     Introduced By: Senators Gallo, Ciccone, Conley, and Sosnowski

     Date Introduced: February 15, 2018

     Referred To: Senate Judiciary

     It is enacted by the General Assembly as follows:

     SECTION 1. Chapter 27-8 of the General Laws entitled "Casualty Insurance Generally"

is hereby amended by adding thereto the following section:

     27-8-1.1. Vacant property.

     (a) No residential property shall be declared vacant under any policy of insurance after a

period of thirty (30) days or less; provided that the owner of the residential property is in the

process of renovation and/or rehabilitation of the premises pursuant to the issuance of the

appropriate building permits by the municipality wherein the property is located.

     (b) The process of renovation and/or rehabilitation shall commence upon the date when

the application for the issuance of a building permit is filed and shall cease upon the date when

the renovation and/or rehabilitation is completed and a certificate of occupancy has been

obtained.

     SECTION 2. This act shall take effect upon passage.

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LC004776

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N   A C T

RELATING TO INSURANCE - CASUALTY INSURANCE GENERALLY

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     This act would exempt residential property from the definition of vacant property

provided the owner of the property is in the process of renovation and/or rehabilitation pursuant

to building permits issued by the local municipality from the date of application for the permits to

the date of completion of the renovation and/or rehabilitation and the issuance of a certificate of

occupancy.

     This act would take effect upon passage.

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LC004776

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