Bill > H1086

This bill aims to modify Massachusetts state law to allow motor vehicle liability insurance companies to offer rebates or partial refunds to policy holders with safe driving records. Specifically, the bill would enable insurance providers to create supplemental agreements that extend rebates to policy holders who have maintained a clean driving record without any surchargable incidents during their policy term. The bill requires that such rebate programs must be available to all qualifying policy holders and must first receive approval from the state insurance commissioner before implementation. By removing previous language that restricted such rebate practices, the bill provides insurance companies with more flexibility to incentivize and reward safe driving behavior. The proposed changes would apply to sections 182 and 183 of Chapter 175 of the Massachusetts General Laws, effectively creating a regulatory framework that allows insurers to offer financial incentives for safe driving while ensuring that such programs are implemented fairly and with regulatory oversight.

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https://malegislature.gov/Bills/194/H1086