Bill

Bill > H1226


MA H1226

To provide prompt payment following settlement by insurance company


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 payments following settlements by insurance companies. Financial Services.

AI Summary

This bill amends Chapter 175 of the General Laws to require insurance companies to pay the amount due to any settling plaintiff within 21 days of the plaintiff providing a duly executed release to the settling defendant. The purpose of this bill is to ensure prompt payment by insurance companies following settlement agreements.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

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

bill text


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