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
For legislation relative to special insurance brokers and continuous affidavits. Financial Services.
AI Summary
This bill amends Section 168 of Chapter 175 of the General Laws to eliminate the requirement for special insurance brokers to complete an affidavit each year for insurance policies that are renewed, continued, or extended by the same insurance company. Instead, the broker must only confirm that the insurer is on the Division of Insurance's list of approved surplus lines insurance companies prior to renewing, continuing, or extending the policy. The affidavit will remain on file with the special insurance broker and be available for examination or audit by the Division of Insurance.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2543 (on 02/18/2020)
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/S623 |
| Bill | https://malegislature.gov/Bills/191/S623.pdf |
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