summary
Introduced
03/29/2021
03/29/2021
In Committee
02/17/2022
02/17/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
For legislation to eliminate penalty charges when cancelling auto insurance policies. Financial Services.
AI Summary
This bill aims to eliminate penalty charges when cancelling auto insurance policies. It proposes amending Chapter 175 of the law to specify that upon cancellation of an auto insurance policy or changing insurance companies, the policyholder shall be entitled to a pro-rata rebate for the exact number of days paid for in the policy without any additional surcharge or expenses beyond the exact days the policy was in effect.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 02/17/2022)
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/S718 |
| Bill | https://malegislature.gov/Bills/192/S718.pdf |
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