Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-07-31
CHAPTER ime

CHAPTER imA
An ACT 90 Establish aud 60 provide For the
Use Of n Standard Form of Fire Insurance
Policy.
II II enacted by tho General Assembly as fol.
SECTION I. No fire insurance company shall
issue nre insurance policies On property In
this state, other than tLoss of tho standard
form hsrcin set forth. except ~ follows, TO
wit
FI8r. A company may print ON or In its
policies Its name. location, and date OF incor'
poration, the amount Of IT. paid up capital
stock, tho names of its officers and agents. tho
number and date of the policy, and, II IL In
issued through an agent, the words, "This
policy shall not be valid until cOunterngned
by the duly authorized agent Of the company
SECOND. company may print or use I'm ia
policies printed forms of description and
specification Of tho property insured.
THIRD A company Incorporated or formed
In this state may print In its policies any pro-
visions which II IN authorized or required by
law to insert therein; and any company not
incorporstosf or formed In this state may, with
the approval OF the insurance commissioner,
10 print any provision required by its charter
OF deed Of settlement or by the laws Of its
own state or country, not contrary 10 tho
laws OF this state: Provided, that the insur'
ance commissioner shall require any provision
which, In his opinion, Inodifies the contract of
insurance In such "a way a. 10 affect tho Ques-
tion OF loss. TO DO appended 10 tho policy by a
slip or rider AS hereinafter provided.
FOURTH. The blanks In said standard form
may be filled In print or writing
FIFTH. A company may print upon policies
issued In compliance with the preceding pro.
visions OF this section the words "Standard
Fire Insurance Policy Of the State Of Rhode
Island, and may also mention the names of
other states known to have adopted this same
form.
SIXTH. A company may write upon the
margin or across the face Of "a policy or write.
or print in type not smaller than long primer
or ten point Roman, upon separate slips or
riders TO be attached thereto, provisions add
ing to or modifying those contained In the
standard form; and all such slips, riders, and
provisions must be signed by the officers or
agent OF the company so using them.
SEC. e. The said standard form of policy
shall be plainly printed, and no portion there
Of shall be In type smaller than BREWER or
eight point Roman, and shall be ~ follows TO
wit:
No.
corporate name OF the company or associa-
ton; the name Of the state or country under
whose laws IL IL chartered; its home ofiice.)
In consideration OF the stipulations herein
named, and OF dollars premium, does In
sure for the term of
from the day Of at noon, TO the
day Of at noon, against ali direct
loss or damage by fire. except ~ hereinafter
provided. to an amount not exoesding
dollars. TO the following described property
while located and contained as described here
In, and not elsewhere, 10 wit:
This company shall not DO liable beyond the
actual cash value Of the property at the time
any loss or damage occurs, and the loss or
damage shall be ascertained or estimated ac-
cording to such actual cash value. with proper
deduction for depreciation, however caused,
and shall in no event exceed what IL would
then cost the insured to repair or replace the
same with material Of like kind and quality:
said ascertainment or estimate shall be made
py the insured and this company, or, IL they
differ, then by appraisers, as hereinafter pro-
vided and, the amount of loss OF damage hav
ing been thus determined the sum for which
this company is liable pursuant to this policy
shall be payable sixty days after due notice,
ascertainment, estimate. and satisfactory
proof Of the loss have been received by this
company in accordance with the terms of this
policy. 1t shall be optional, however, with
this company to take all, or any part Of the
articles at such ascertained or appraised val
ue, and also to repair, rebuild or replace the
property lost or damaged with other Of like
kind and quality within reasonable time on
giving notice, within thirty days after the re-
ceipt OF the proof herein required, of its in
tention so to do but there can be no abandon
ment to this company of the property describ-
ed.
This entire policy shall be void IL the insur-
ed has concealed or misrepresented, in writ
ing or otherwise, any material fact or circum-
stance concerning this insurance or the sub
ject thereof; or IL the interest Of the insured
In the property be not truly stated herein; or
In case OF any fraud or false swearing by the
insured touching any matter relating to this
insurance or the subject thereof, whether be-
fore or after loss.
This entire policy, unless otherwise provid-
ed by agreement endorsed hereon or added
hereto, shall be void If the insured now has or
shall hereafter make or procure any other
contract OF insurance, whether valid or not.
on property covered in whole or in part by
this policy: or IL the subject Of insurance be
q manufacturing establishment and IL be op-
Grated In whole or in part at night later than
~ o'clock; or II 1t cease to be operated for
more than ten consecutive days; or IL the
hazard be increased by any means within the
control or knowledge OF the insured: or il me-
chanics be employed in building, altering or
repairing the within described premises for
more than fifteen days at any one time; or IL
the interest Of the insured be other than un-
conditional and sole ownership; or IL the sub
ject Of insurance be building on ground not
owned by the insured in fee-simple; OF II the
subject OF insurance be personal property and
be or becom Q incumbered by q chattel mort.
gage; or II, with the knowledge of the insur
ed. foreclosure proceedings be commenced or
notice given Of sale Of any property covered
by this policy by virtue of any mortgage or
trust deed; or II any change, other than by
the death OF an insured, take place in the in
terest, title or possession Of the subject of in
surance Except change Of occupants without
increase Of hazard) whether by legal process
or judgment or by voluntary act Of the insur-
ed, or otherwise; or IL this policy be assigned
before loss; or II Illuminating gas or vapor
be generated in the described building Tor ad
3acent thereto) for use therein or II (any
usage or custom OF trade or manufacture to
the contrary Notwithstanding there De kept,
used. or allowed on the above described prem.
ises, benxine, benzole. dynamite, ether, fire.
works. gasoline, greek fire, gunpowder ex.
ceeding twenty five pounds In quantity, nap
tha, nitro glycerine or other explosives, phos-
phorus, or petroleum or any of its products of
greater infiammability than kerosene oil OF
the United States standard (Which last may
be used for lights and kept for sale according
To 1Axsv 1vSA L..