summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2021
03/29/2021
Crossed Over
Passed
Dead
12/31/2022
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)
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/192/H1226 |
Bill | https://malegislature.gov/Bills/192/H1226.pdf |
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