MA H1141

Bill

Relative to insurance company rebates

Introduced
03/29/2021

In Committee
03/07/2022

Crossed Over

Passed

Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

Relative to insurance company rebates. Financial Services.

AI Summary

This bill amends the Massachusetts General Laws to clarify the provisions related to insurance company rebates. It specifies that insurance companies, officers, agents, or brokers cannot offer or provide rebates, special favors, or valuable considerations beyond $25 that are not specified in the insurance policy or contract. However, the bill allows insurance companies to provide certain products or services at no or reduced cost, such as loss mitigation, claim cost reduction, education, risk assessment, administrative services, and wellness programs, as long as they are not specified in the policy. The bill also prohibits individuals from receiving or accepting such rebates or special favors from insurance companies or their representatives.

Committee Categories

Business and Industry

Sponsors (1)

John Lawn (D)*,

Last Action

No further action taken (on 01/03/2023)

Official Document

https://malegislature.gov/Bills/192/H1141

(7 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/192/H1141
Bill	https://malegislature.gov/Bills/192/H1141.pdf

Bill	Bill Name	Last Action	Type
H1033	Authorizing insurance providers to extend motor vehicle liability insurance rebates to customers with safe driving records	Accompanied a study order, see H5003	Similar To
H1152	Reforming labor rates paid by insurance companies to auto repairers in the Commonwealth	Accompanied a study order, see H5235	Similar To
H1238	Relative to notices by insurance companies	No further action taken	Similar To
H4134	Extending rebates for electric and zero emission vehicles	Accompanied a study order, see H5042	Similar To
S1813	Improving the fairness of our tax laws	Accompanied a study order, see H5247	Similar To
S2129	To make electric vehicles more affordable	Accompanied a study order, see S2715	Similar To
S706	Relative to executive compensation for mutual companies	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To

Bill > H1141

MA H1141

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (1)

Last Action

Official Document

bill text

bill summary

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