MA S539

Bill

Relative to transparency in homeowners insurance rate setting

Introduced
01/22/2019

In Committee
01/22/2019

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

For legislation relative to transparency in homeowners insurance rate setting. Financial Services.

AI Summary

This bill aims to increase transparency in homeowners insurance rate setting in Massachusetts. It prohibits insurers from basing homeowners' multi-peril insurance rates on non-risk-related factors, such as policyholders' price elasticity of demand. The bill also requires insurers to make their rate filings available to the public online within 3 business days of the initial filing, and allows the Attorney General to request a hearing on up to 4 rate filings per year to ensure they meet the legal requirements. Additionally, the bill requires the state insurance commissioner to annually publish data on the number of homeowners policy cancellations and non-renewals by zip code and the stated reasons.

Committee Categories

Business and Industry

Sponsors (1)

Mike Barrett (D),

Last Action

Accompanied a study order, see S2543 (on 02/18/2020)

Official Document

https://malegislature.gov/Bills/191/S539

(14 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/191/S539
Bill	https://malegislature.gov/Bills/191/S539.pdf

Bill	Bill Name	Last Action	Type
H1062	Relative to transparent health care data	Accompanied a study order, see H5160	Similar To
H253	Establishing fuel price transparency	Accompanied a study order, see H5043	Similar To
H2627	Relative to film tax credit transparency	Accompanied a study order, see H5080	Similar To
H2768	Providing for sustainability and transparency standards by Massachusetts business entities	Accompanied a study order, see H5103	Similar To
H2827	Relative to transparency in private utility construction contracts	Bill reported favorably by committee and referred to the committee on House Ways and Means	Similar To
H4210	Relative to children’s health and wellness	Signed by the Governor, Chapter 124 of the Acts of 2019	Similar To
S1677	To increase transparency of taxpayers rights	Accompanied a study order, see S2549	Similar To
S1989	Relative to transparency in private utility construction contracts	Accompanied H2827	Similar To
S2289	Relative to public safety and transparency by transportation network companies	Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session	Similar To
S2295	To increase consumer transparency about insurance provider networks	Accompanied H913	Similar To
S2543	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues	Discharged to the committee on Senate Rules	Replaced by
S544	Relative to transparency of dental benefits corporations	Accompanied a study order, see S2543	Similar To
S656	Relative to transparency for mental health parity	Accompanied a study order, see S2543	Similar To
S960	To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses	Accompanied H1413	Similar To

Bill

Bill Name

Last Action

Type

H1062

Relative to transparent health care data

Accompanied a study order, see H5160

Similar To

H253

Establishing fuel price transparency

Accompanied a study order, see H5043

Similar To

H2627

Relative to film tax credit transparency

Accompanied a study order, see H5080

Similar To

H2768

Providing for sustainability and transparency standards by Massachusetts business entities

Accompanied a study order, see H5103

Similar To

H2827

Relative to transparency in private utility construction contracts

Bill reported favorably by committee and referred to the committee on House Ways and Means

Similar To

H4210

Relative to children’s health and wellness

Signed by the Governor, Chapter 124 of the Acts of 2019

Similar To

S1677

To increase transparency of taxpayers rights

Accompanied a study order, see S2549

Similar To

S1989

Relative to transparency in private utility construction contracts

Accompanied H2827

Similar To

S2289

Relative to public safety and transparency by transportation network companies

Ought NOT to pass (under Joint Rule 10) and placed in the Orders of the Day for the next session

Similar To

S2295

To increase consumer transparency about insurance provider networks

Accompanied H913

Similar To

S2543

Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues

Discharged to the committee on Senate Rules

Replaced by

S544

Relative to transparency of dental benefits corporations

Accompanied a study order, see S2543

Similar To

S656

Relative to transparency for mental health parity

Accompanied a study order, see S2543

Similar To

S960

To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses

Accompanied H1413

Similar To

Bill > S539

MA S539

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary