summary
Introduced
01/22/2019
01/22/2019
In Committee
01/22/2019
01/22/2019
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
Relative to insurance company rebates. Financial Services.
AI Summary
This bill amends Massachusetts laws to prohibit insurance companies, their officers or agents, and insurance brokers from offering or providing rebates, special favors, or valuable consideration in excess of $25 (or any cash or gift cards) as an inducement to purchase or continue an insurance policy. However, the bill clarifies that providing advice or services related to risk assessment, risk management, claims assistance, and administrative services does not qualify as a prohibited rebate or valuable consideration.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H5160 (on 12/01/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://malegislature.gov/Bills/191/H1031 |
| Bill | https://malegislature.gov/Bills/191/H1031.pdf |
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