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DIGEST OF INTRODUCED BILL
Notice of insurance after fire or explosion. Requires certain insurers to: (1) notify enforcement authorities in a municipality concerning the existence of coverage for a building or structure that is located in the municipality and damaged by fire or explosion; and (2) provide for a set aside of insurance proceeds payable with regard to the building or structure. (Currently, the law applies to certain cities.) Revises current language to clarify the process for notices. Repeals a definition rendered unnecessary by the act.