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 arbitration with insurance companies for property damages to motor vehicles. Financial Services.
AI Summary
This bill amends Chapter 175, Section 191A of the General Laws to establish a binding arbitration process for resolving disputes between an insured vehicle owner (or their chosen repairer) and the insurance company over the amount of loss for property damage to a motor vehicle. The bill outlines the steps for selecting independent, licensed auto damage appraisers as arbitrators and an umpire to resolve the dispute. It also requires the insurer to make payment on the arbitration award within 5 working days, and deems failure to comply as an unfair claims settlement practice in violation of Chapter 176D.
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/H901 |
Bill | https://malegislature.gov/Bills/191/H901.pdf |
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