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Bill > H944


MA H944

Relative to personal vehicle sharing


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
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)

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