summary
Introduced
01/22/2019
01/22/2019
In Committee
03/04/2020
03/04/2020
Crossed Over
Passed
Dead
12/31/2020
12/31/2020
Introduced Session
191st General Court
Bill Summary
For legislation to eliminate penalty charges when cancelling motor vehicle insurance policies. Financial Services.
AI Summary
This bill seeks to eliminate penalty charges when cancelling motor vehicle insurance policies. It proposes amending the state's insurance laws to require insurance companies to provide policyholders with a pro-rated refund for the unused portion of their policy, without any additional fees or surcharges, when they change insurance providers or cancel a pre-paid policy.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Bill reported favorably by committee and referred to the committee on House Steering, Policy and Scheduling (on 03/04/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://malegislature.gov/Bills/191/H1071 |
Bill | https://malegislature.gov/Bills/191/H1071.pdf |
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