2003 -- S 0431
A N A C T
RELATING TO INSURANCE
Introduced By: Senators Bates, Celona, and F Caprio
Date Introduced: February 13, 2003
SECTION 1. Section 27-5-3.4 of the General Laws in Chapter 27-5 entitled "Fire
Insurance Policies and Reserves" is hereby amended to read as follows:
27-5-3.4. Cancellation or nonrenewal of standard fire insurance policy. -- (a) A
company issuing any policy of insurance which is subject to cancellation or nonrenewal by the
company shall effect cancellation or nonrenewal by serving the notice of it provided by the
policy. That notice shall be delivered in hand to the named insured, or be left at his or her last
address as shown by the company's records, or, if its records contain no last address, at his or her
last business, residence, or other address known to the company, or be forwarded to that address
certified mail, return receipt requested. A return receipt from the United
States postal service showing
receipt of the notice at the address of the insured stated in the policy shall
be sufficient proof
of notice. If the company does not receive a return receipt from the United
States postal service
within ten (10) days, then the company shall forward the notice by first class mail and
maintain proof of mailing of the notice to the insured by United States Postal Service certificate
of mailing in the ordinary course of the insurer's business, and this proof of mailing shall be
sufficient proof of notice.
(b) If a policy is made payable to a mortgagee or any person other than the named
insured, notice shall be given as provided in subsection (a) to the payee and to the named insured.
(c) Policies subject to cancellation by the named insured upon giving notice to the
company may be cancelled by serving notice in the manner provided in subsection (a) of this
section upon the company or upon its insurance producer who issued the policy.
SECTION 2. This act shall take effect upon passage.