summary
Introduced
02/16/2023
02/16/2023
In Committee
02/16/2023
02/16/2023
Crossed Over
Passed
Dead
12/31/2024
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)
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/193/H983 |
| BillText | https://malegislature.gov/Bills/193/H983.pdf |
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