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Bill > H3653


MA H3653

Relative to surcharges on motor vehicle insurance premiums


summary

Introduced
01/22/2019
In Committee
01/22/2019
Crossed Over
Passed
Dead
12/31/2020

Introduced Session

191st General Court

Bill Summary

Relative to surcharges on motor vehicle insurance premiums. Financial Services.

AI Summary

This bill amends Massachusetts law to increase the threshold for surcharges on motor vehicle insurance premiums. Specifically, it raises the minimum claim amount for an "at-fault accident" to be considered a "surchargeable incident" from $1,000 to $3,000. It also defines a "minor accident" as one with a claim payment between $3,000 and $5,000, and a "major accident" as one with a claim payment exceeding $5,000. The bill prohibits insurers from applying premium increases for at-fault accidents that do not meet the criteria for a minor or major accident.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Accompanied a study order, see H5160 (on 12/01/2020)

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