Bill > H1132

This bill aims to protect consumers in the issuance of automobile insurance policies and bonds. The key provisions are: 1. All motor vehicle liability policies issued or delivered in the Commonwealth must conform to a standardized uniform policy text approved by the Commissioner of Insurance. This ensures consistent coverage and terms for consumers. 2. The Commissioner must approve any changes to motor vehicle liability policies after a public notice and hearing process, and the proposed changes must be provided to the Financial Services Committee of the General Court at least 21 days before the public hearing. This provides oversight and transparency in policy changes. 3. The bill applies to all motor vehicle liability policies issued on or after the effective date of the act. The bill aims to standardize insurance policy language and provide more consumer protections and transparency in the issuance and modification of automobile insurance policies in the Commonwealth.

Business and Industry

https://malegislature.gov/Bills/193/H1132