§ 34-43-1. Insurance on multi-unit residential and commercial property.
(a) Every landlord or lessor of residential or commercial property in the city of Providence
shall file a written declaration in the office of the tax assessor of the city of
Providence setting forth information regarding the insurance company insuring the
property against loss or damage by fire. The declaration shall indicate the property
location, the name of the insurance company or companies issuing the policy, the named
insured and the policy number of the policy; the amount of insurance coverage provided
in the policy; and the named insured and/or loss payee. The de
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§ 34-43-1. Insurance on multi-unit residential and commercial property.
(a) Every landlord or lessor of residential or commercial property in the city of Providence
shall file a written declaration in the office of the tax assessor of the city of
Providence setting forth information regarding the insurance company insuring the
property against loss or damage by fire. The declaration shall indicate the property
location, the name of the insurance company or companies issuing the policy, the named
insured and the policy number of the policy; the amount of insurance coverage provided
in the policy; and the named insured and/or loss payee. The declaration shall be filed
within ten (10) days of the landlord or lessor taking title to the property and within
ten (10) days of the issuance of a new policy or amendment of the policy which amends
any of the information contained in the declaration. The declaration shall also apply
to all existing property as of June 27, 1986 and shall require filing of the information
upon receipt of the first tax bill after June 27, 1986.
(b) Any person who violates the provisions of this section shall be guilty of a misdemeanor
and may be punished by a fine of up to an amount not exceeding five hundred dollars
($500.00), or by imprisonment not exceeding one year, or both a fine and imprisonment.
The city of Providence is hereby empowered to enforce the provisions of this section.
(c) The provisions of this section shall not apply to any residential property occupied
by the owner or owners thereof nor shall it apply to any residential property occupied
by less than three (3) households.