Bill
Bill > H960
MA H960
Expanding automobile insurance coverage options to include the diminished value of automobiles
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
By Mr. Driscoll of Milton, a petition of William J. Driscoll, Jr., and others that automobile insurance coverage options include the diminished value of vehicles. Financial Services.
AI Summary
This bill aims to expand automobile insurance coverage options to include the diminished value of vehicles. Specifically, it would require insurers to offer optional coverage for the diminished value of an insured vehicle resulting from a collision caused by a negligent third party, in addition to coverage for loss of use. The bill also requires insurers to file a plan for the commissioner's approval to provide direct payment to the insured for the loss, damage, or diminished value of the vehicle under collision or limited collision coverage, prior to the insured submitting a claim form stating the repair work has been completed.
Committee Categories
Business and Industry
Sponsors (8)
Gerry Cassidy (D),
Daniel Cullinane (D),
William Driscoll (D),
Carlos González (D),
Steven Howitt (R),
Dan Hunt (D),
Danny Ryan (D),
José Tosado (D),
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/H960 |
| Bill | https://malegislature.gov/Bills/191/H960.pdf |
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