Bill > H1123

This bill modifies Chapter 175 of the General Laws to allow insurance companies to send cancellation, renewal, or nonrenewal notices electronically, but only with the explicit agreement of the named insured (policyholder). Currently, insurance companies likely have more restricted methods of communicating such important policy information. The bill provides insurance companies more flexibility in how they communicate policy changes by permitting electronic notices, which could potentially reduce paper usage and postage costs, while ensuring that policyholders have consented to receiving these electronic communications. The legislation is straightforward and will take effect immediately upon its passage, giving insurance companies a new option for communicating policy-related information to their customers.

Business and Industry

https://malegislature.gov/Bills/194/H1123