Chapter 100
2013 -- S 0715 SUBSTITUTE A
Enacted 06/18/13
A N A C T
RELATING TO
INSURANCE
Introduced
By: Senators Jabour,
Date Introduced: March 13, 2013
It is enacted by the
General Assembly as follows:
SECTION 1. Sections 27-76-1 and 27-76-6 of the General Laws
in Chapter 27-76
entitled "Weather Related Losses" are hereby amended
to read as follows:
27-76-1.
Applicability. -- The Except for the
provisions of section 27-76-6, the
provisions of this chapter shall be applicable only to personal
lines residential property insurance
on dwelling houses.
27-76-6.
State of emergency; effect upon insurance policies; rules.
-- (a) The
department of business regulation may promulgate regulations to
take effect upon the declaration
of a catastrophe, as declared by a nationally recognized
catastrophe loss index provider, that
address any of the following or other matters related to the
catastrophe for insurance policies
issued in this state:
(1) Reporting
requirements for claims related to the emergency;
(2) Grace periods for
payment of insurance premiums and performance of other duties
by insureds (other than the
duty to mitigate); and/or
(3) Temporary
postponement of cancellations and nonrenewals of
insurance policies.
(b) Subdivisions (a)(2) and (3) above apply to all insurance policies,
regardless of the line
of insurance, issued to residents of this state
displaced as a result of the catastrophe. The
regulations shall require the insurer to make reasonable efforts
to contact the policyholder and
provide the accommodations requested by the policyholder,
within the limits of accommodations
detailed in the regulation, upon confirmation that the
policyholder has been displaced by the
catastrophe.
SECTION 2. This act shall take effect upon passage.
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LC01421/SUB A
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