Code of Massachusetts Regulations
211 CMR - DIVISION OF INSURANCE
Title 211 CMR 10.00 - Nation-wide Marine Definitions
Section 10.03 - Exceptions

Universal Citation: 211 MA Code of Regs 211.10

Current through Register 1531, September 27, 2024

Unless otherwise permitted, nothing in 211 CMR 10.03(1) through (4) shall be construed to permit marine or transportation policies to cover:

(1) Storage of assured's merchandise, except as provided in 211 CMR 10.00.

(2) Merchandise in course of manufacture, the property of and on the premises of the manufacturer.

(3) Furniture and fixtures and improvements and betterments to buildings.

(4) Monies or securities in safes, vaults, safety deposit vaults, bank or assured's premises, except while in the course of transportation.

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