Massachusetts H4042 prohibits insurers from canceling homeowner insurance policies within 60 days of notification.

Massachusetts H4042 amends Chapter 175 of the General Laws by adding a new section that prohibits insurers from canceling a homeowner insurance policy within 60 days of notifying the policyholder. This applies to all insurers licensed in the commonwealth and engaged in writing homeowners insurance, as well as the joint underwriting association formed under Chapter 175C. The bill aims to provide policyholders with more time to secure new coverage if their policy is canceled.

Massachusetts H4042 prohibits insurers from canceling homeowner insurance policies within 60 days of notification.

Massachusetts H4042 amends Chapter 175 of the General Laws by adding a new section that prohibits insurers from canceling a homeowner insurance policy within 60 days of notifying the policyholder. This applies to all insurers licensed in the commonwealth and engaged in writing homeowners insurance, as well as the joint underwriting association formed under Chapter 175C. The bill aims to provide policyholders with more time to secure new coverage if their policy is canceled.