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 personal vehicle sharing. Financial Services.
AI Summary
This bill amends the existing Massachusetts law to define "personal vehicle sharing" and "personal vehicle sharing program" and to exempt personal vehicle sharing programs from certain insurance requirements. Specifically, the bill allows personal vehicle sharing programs to procure insurance from unauthorized insurance companies, provided that the program and the policyholder acknowledge that any losses would not be covered by the Massachusetts Insurers Insolvency Fund. The bill also grants the insurance commissioner the authority to promulgate regulations to implement these changes.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Reporting date extended to Tuesday December 29, 2020, pending concurrence (on 06/18/2020)
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/H944 |
Bill | https://malegislature.gov/Bills/191/H944.pdf |
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