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 special insurance brokers. Financial Services.
AI Summary
This bill amends Section 168 of Chapter 175 of the General Laws to exempt special insurance brokers from having to complete a new affidavit when renewing, continuing, or extending an insurance policy with the same insurance company, as long as the broker has previously completed an affidavit for that policy. However, the broker must confirm that the insurer is on the Division of Insurance's list of approved surplus lines insurance companies before renewing, continuing, or extending the policy. The affidavit remains on file with the broker and is available to the Division of Insurance for examination or audit.
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/H974 |
| Bill | https://malegislature.gov/Bills/191/H974.pdf |
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