An Act relative to an investigation to review flood insurance rates

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

An Act relative to an investigation to review flood insurance rates

An Act relative to an investigation to review flood insurance rates By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.

What This Bill Does

• An Act relative to an investigation to review flood insurance rates By Representative Ayers of Quincy, a petition (accompanied by bill, House, No.
• 1085) of Bruce J.
• Ayers that the Commissioner of the Division of Insurance be directed to make a bi-annual investigation relative to flood insurance rates.
• Financial Services.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

An Act relative to an investigation to review flood insurance rates
By Representative Ayers of Quincy, a petition (accompanied by bill, House, No. 1085) of Bruce J. Ayers that the Commissioner of the Division of Insurance be directed to make a bi-annual investigation relative to flood insurance rates. Financial Services.

Current Bill Text

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Bill H.1085

Section 102D of Chapter 175A of the General Laws, as appearing in the 2014 Official Edition, is hereby amended by adding the following paragraph at the end thereof:–

The commissioner shall conduct a biennial investigation into flood insurance rates set by the national flood insurance program. The investigation shall focus on the affordability of flood insurance for home and business owners, the sustainability of the program, and whether the flood insurance premiums accurately reflect the risk of loss. The commissioner shall make each biennial report available to the public and submit the report to the clerks of the house of representatives and the senate.

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