LD 569 (subjects: INSURANCE , PROPERTY )
Official bill page at mainelegislature.org: http://www.mainelegislature.org/legis/bills/display_ps.asp?ld=569&PID=1456&snum=127
- Rep. Joyce McCreight of Harpswell: (D – District 51) — e-mail | Facebook
Rep. Lori Fowle of Vassalboro: (D – District 80) — e-mail | Twitter | Facebook
Rep. Henry Beck of Waterville: (D – District 110) — e-mail | Twitter | Facebook
|2/26/2015||House||Committee on Insurance and Financial Services suggested and ordered printed.
The Bill was REFERRED to the Committee on INSURANCE AND FINANCIAL SERVICES.
Sent for concurrence. ORDERED SENT FORTHWITH.
|2/26/2015||Senate||On motion by Senator Whittemore of Somerset, REFERRED to the Committee on Insurance and Financial Services, in concurrence.|
|5/6/2015||Senate||Pursuant to Joint Rule 310.3 Placed in Legislative Files (DEAD)|
An Act To Reduce Municipal Liability outside Federally Declared Flood Zones
Sec. 1. 24-A MRSA 3062 is enacted to read:
3062. Exclusion for certain flood damage prohibited
An insurance company issuing a property insurance policy subject to this subchapter may not exclude coverage under any policy for flood damages to the property caused by the failure of any municipal or government infrastructure despite the property’s location outside a flood zone designated by the Federal Government.
This bill prohibits an insurance company from excluding coverage under a homeowner’s property insurance policy for flood damages caused by the failure of municipal or government infrastructure whether or not the home is located in a flood zone designated by the Federal Government.
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This information about LD 569 was last updated on 2016-05-12.
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