Concerning Business Interruption Insurance
|Sponsor:||Representative Lori Gramlich, House 13|
|Bill #:||LD 694|
UPDATE: Committee voted the bill Ought Not to Pass
Representative Gramlich of Old Orchard Beach would prohibit insurers that provide a policy insuring against loss or damage to property from excluding coverage for any loss of occupancy or business interruption directly or indirectly resulting from the COVID-19 pandemic. The bill also makes the requirements of this bill apply retroactively to March 15, 2020.