Bill > H1130

This bill aims to protect consumers in the issuance of automobile insurance policies and bonds. It proposes the following key provisions: 1. Requires that any motor vehicle liability policy issued or delivered in the Commonwealth must conform to a standardized uniform policy text approved by the Commissioner of Insurance. 2. Mandates that no motor vehicle liability policy can be issued, delivered, or changed in any coverage, condition, or definition unless it is approved by the Commissioner after a public notice and hearing process, and the Financial Services Committee of the General Court is notified at least 21 days prior to the public hearing. 3. Prohibits policies from containing any exceptions or exclusions as to specified accidents, injuries, or causes thereof. 4. Specifies that these new requirements will apply to all motor vehicle liability policies issued on or after the effective date of the act. The bill aims to standardize and regulate the content of automobile insurance policies in the Commonwealth of Massachusetts to provide better consumer protection.

Business and Industry

https://malegislature.gov/Bills/193/H1130