Mass. Gen. Laws ch. 175 § 95
Current through Chapter 223 of the 2024 Legislative Session
No company, and no officer or agent thereof, and no insurance broker shall knowingly issue, negotiate, continue or renew or cause or permit to be issued, negotiated, continued or renewed any fire insurance policy upon property or interests within the commonwealth of an amount which, with any existing insurance thereon, exceeds the fair value of the property, nor for a longer term than seven years.
Mass. Gen. Laws ch. 175, § 95