Bill

Bill > H1071


MA H1071

To eliminate penalty charges when cancelling auto insurance policies


summary

Introduced
01/22/2019
In Committee
03/04/2020
Crossed Over
Passed
Dead
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)

bill text


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