Bill
Bill > H1048
MA H1048
Reforming labor rates paid by insurance companies to auto repairers in the Commonwealth
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 the minimum hourly labor rate that insurers pay on insured claims for repairs made by registered motor vehicle repair shops. Financial Services.
AI Summary
This bill aims to reform the minimum hourly labor rate that insurance companies are required to pay on insured claims for repairs made by registered motor vehicle repair shops in the Commonwealth. The bill directs the Commissioner of Insurance to set the minimum hourly labor rate based on the average of the rates paid in neighboring states, with the Commissioner having the discretion to adjust the rate by up to 3% higher or lower than the average. The bill also specifies that the Commissioner must review and readjust the hourly labor rate every three years, and provide a report to the Joint Committee on Financial Services 15 days before any proposed new rate is promulgated. Additionally, the bill exempts the collision repair hourly labor rates set under this law from being included when insurance companies consider programs to control costs and expenses.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Accompanied a study order, see H5235 (on 09/01/2022)
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/H1048 |
| Bill | https://malegislature.gov/Bills/192/H1048.pdf |
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