summary
Introduced
03/29/2021
03/29/2021
In Committee
03/29/2022
03/29/2022
Crossed Over
Passed
Dead
12/31/2022
12/31/2022
Introduced Session
192nd General Court
Bill Summary
Relative to flood insurance rates. Financial Services.
AI Summary
This bill amends the existing law to require the commissioner to conduct a biennial (every two years) investigation into flood insurance rates set by the National Flood Insurance Program. The investigation will focus on the affordability of flood insurance for homeowners and businesses, the sustainability of the program, and whether the flood insurance premiums accurately reflect the risk of loss. The commissioner will make each biennial report available to the public and submit it to the clerks of the House of Representatives and the Senate.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (1)
Last Action
No further action taken (on 01/03/2023)
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/H1031 |
| Bill | https://malegislature.gov/Bills/192/H1031.pdf |
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