Bill > H1124

This bill modifies automobile insurance regulations by making two key changes to Massachusetts General Laws Chapter 175, Section 113B. First, the bill reduces a numerical figure from 5 to 3 in two specific lines of the existing law, though without additional context it is unclear exactly what this numerical change represents. Second, and more substantively, the bill limits insurance premium increases for drivers after their first at-fault accident, stipulating that such premium adjustments cannot exceed 35 percent of the existing insurance premium. This provision appears designed to provide some financial protection for drivers who have their first accident, preventing insurance companies from imposing excessively high premium increases for what might be considered a minor or first-time incident. By capping the potential premium increase, the bill aims to make auto insurance more affordable and fair for drivers who experience their initial at-fault accident.

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https://malegislature.gov/Bills/194/H1124