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 surcharges on motor vehicle insurance premiums. Financial Services.
AI Summary
This bill amends existing laws to increase the threshold for when a motor vehicle insurance premium can be surcharged due to an at-fault accident. Specifically, it raises the claim payment threshold for a "minor accident" from $1,000 to $5,000, and defines a "major accident" as one with a claim payment exceeding $7,500. The bill also prohibits insurance companies from applying any premium increase for at-fault accidents that do not meet these new thresholds. The purpose is to provide relief to drivers with minor accidents that may have previously resulted in higher insurance premiums.
Committee Categories
Business and Industry
Sponsors (5)
Last Action
Accompanied a study order, see H5311 (on 10/06/2022)
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/H1134 |
| Bill | https://malegislature.gov/Bills/192/H1134.pdf |
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