Bill > S3046

This bill establishes a special legislative commission to study and make recommendations on how automobile insurance premiums are calculated in Massachusetts, specifically focusing on the use of territorial rating factors like zip code, garaging location, and geographical area, and whether these factors, or others, might be discriminatory. The commission, which will include legislative leaders, representatives from the Massachusetts Black and Latino caucus, the Attorney General, the Commissioner of Insurance, and representatives from consumer advocacy groups and the insurance industry, will investigate the impact of restricting these location-based factors on premiums and explore other potentially discriminatory rating factors. The commission is tasked with submitting a report of its findings and any proposed legislation to the legislature by July 1, 2027, with the goal of reducing racial and socioeconomic inequities in auto insurance pricing.

Joint Committee on Financial Services (Joint)

https://malegislature.gov/Bills/194/S3046