summary
Introduced
01/22/2019
01/22/2019
In Committee
05/07/2020
05/07/2020
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 auto insurance policies. Financial Services.
AI Summary
This bill aims to eliminate penalty charges when cancelling auto insurance policies. It proposes to amend Chapter 175 of the law to entitle policyholders to a pro-rata rebate for the exact number of days paid for in the policy, without any additional surcharge or expenses beyond the days the policy was in effect, upon cancellation of an auto insurance policy or changing of auto insurance companies.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 05/07/2020)
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/S632 |
| Bill | https://malegislature.gov/Bills/191/S632.pdf |
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