Bill

Bill > S2928


MA S2928

To establish minimum reimbursement rate to insurance claimants


summary

Introduced
06/16/2022
In Committee
06/16/2022
Crossed Over
Passed
Dead
12/31/2022

Introduced Session

192nd General Court

Bill Summary

For legislation to establish minimum reimbursement rates to insurance claimants, reports the accompanying bill (Senate, No. 2928).

AI Summary

This bill establishes minimum reimbursement rates for insurance claimants in the Commonwealth of Massachusetts for first- or third-party auto insurance claims. The minimum rates will be calculated based on the rates set during the Insurance Reform Act of 1988, adjusted for inflation, and will be phased in over a two-year period. After the initial two-year correction period, the minimum rates will be adjusted yearly based on the Consumer Price Index (CPI) for the Northeast region. Insurers are prohibited from refusing to negotiate reimbursement rates above the minimum and cannot steer claimants to specific repair facilities. This legislation is based on recommendations from a special commission that studied auto body labor rates in the Commonwealth.

Committee Categories

Budget and Finance

Sponsors (6)

Other Sponsors (1)

Joint Committee on Financial Services (J)

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 06/16/2022)

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