Bill

Bill > H983


MA H983

Relative to automobile insurance premiums


summary

Introduced
02/16/2023
In Committee
02/16/2023
Crossed Over
Passed
Dead
12/31/2024

Introduced Session

193rd General Court

Bill Summary

Relative to motor vehicle insurance premiums. Financial Services.

AI Summary

This bill proposes to amend the existing law to reduce the maximum permissible increase in automobile insurance premiums for a driver's first at-fault accident from 5% to 3%, and to limit any such increase to no more than 35% of the existing premium. The changes are intended to provide relief to drivers who have been in their first at-fault accident by limiting the impact on their insurance costs.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a study order, see H4691 (on 05/30/2024)

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/193/H983
BillText https://malegislature.gov/Bills/193/H983.pdf
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