Bill > H1269

This bill proposes an amendment to Chapter 175 of the General Laws that would require auto insurance companies to provide policy holders with a pro-rated rebate when they change insurance providers or cancel pre-paid policies. Specifically, the bill mandates that consumers must receive a refund calculated precisely for the exact number of days their policy was in effect, without being charged any additional surcharges or expenses beyond the actual period of coverage. This change aims to protect consumers by ensuring they are not financially penalized when switching insurance providers or choosing to cancel their auto insurance policy before its full term, which currently may involve costly termination fees or penalties that can make changing insurers financially burdensome.

Business and Industry

https://malegislature.gov/Bills/194/H1269