Bill > S701

This bill allows insurance companies to provide electronic notices of policy cancellation, renewal, or nonrenewal, provided that the named insured (the primary policyholder) agrees to receive such notices electronically. Currently, there may be legal restrictions or requirements about how insurance policy notices are delivered, typically through traditional mail. By adding a new section (Section 187I) to Chapter 175 of the General Laws, the bill provides flexibility for insurance companies to communicate important policy information via electronic means, such as email or online portals, with the policyholder's consent. The legislation aims to modernize communication methods between insurers and policyholders, potentially making policy updates more convenient and efficient. The bill will take effect immediately upon passage, meaning insurance companies can begin implementing electronic notices as soon as the law is enacted.

Business and Industry

https://malegislature.gov/Bills/194/S701