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Bill > H1103


MA H1103

To provide homeowners with fair insurance premiums


summary

Introduced
03/29/2021
In Committee
03/29/2021
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to requiring that insurance companies wave certain increases in premiums. Financial Services.

AI Summary

This bill requires insurance companies to waive any increase in insurance premiums if the insured homeowner's claim for damages due to fire, theft, storms, or water is not the fault of the insurer. It seeks to provide homeowners with fair insurance premiums by preventing insurers from raising rates when the homeowner is not responsible for the damages claimed.

Committee Categories

Business and Industry

Sponsors (8)

Last Action

Accompanied a study order, see H5167 (on 09/12/2022)

bill text


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