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Senate Bill 0169


 

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Senate Bill 0169

ARCHIVE (2013)

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DIGEST OF SB 169 (Updated April 24, 2013 3:00 pm - DI 97)

Insurance proceeds set aside. Applies the law concerning insurance proceeds escrow deposits (law) to all cities and towns, phased in over three years. Defines "department" and "final settlement" for purposes of the law. Specifies requirements for application of the law. Requires the department of insurance to maintain a list of municipalities electing governance under the law and sets a one time fee for electing municipalities. Specifies maximum amounts to be set aside and costs for which the proceeds may be used by a municipality. Repeals a definition made obsolete by the bill.
    Current Status:
     Law Enacted
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