MA S530

Bill

MA S530

Relative to group market plans for automobile and homeowners insurance

Introduced
04/15/2015

In Committee
04/07/2016

Crossed Over

Passed

Dead
07/31/2016

Introduced Session

189th General Court

Bill Summary

For legislation relative to group market plans for automobile and homeowners insurance. Financial Services.

AI Summary

This bill amends existing Massachusetts law regarding group market plans for automobile and homeowners insurance, specifically Section 193R of Chapter 175. The key change is that insurers are now prohibited from canceling an individual member's insurance within a group plan for reasons other than nonpayment of premium or fraud, or unless the entire group's insurance is canceled. Furthermore, for motor vehicle insurance, insurers cannot cancel an individual's policy based on underwriting standards applied to non-group members, though they can still cancel if the individual loses their registration or operator's license for a year or more. This aims to provide greater stability and protection for individuals participating in group insurance plans.

Committee Categories

Budget and Finance, Business and Industry

Sponsors (4)

Mike Moore (D)*, John Mahoney (D), Michael Rodrigues (D), Chris Walsh (D),

Last Action

Bill reported favorably by committee and referred to the committee on Senate Ways and Means (on 04/07/2016)

Official Document

https://malegislature.gov/Bills/189/S530

(11 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/189/S530
Bill	https://malegislature.gov/Bills/189/S530.pdf

Bill	Bill Name	Last Action	Type
H2363	Relative to retirement groups	Accompanied a study order, see H4367	Similar To
H903	Relative to group market plans for automobile and homeowners insurance	Read second and ordered to a third reading	Similar To
H912	Relative to certain loans by the Federal Home Loan Bank	Read; and referred to the committee on Senate Rules	Similar To
H918	Relating to fire insurance	Accompanied a study order, see H4111	Similar To
S2251	Report of the committee on Post Audit and Oversight (pursuant to Section 63 of Chapter 3 of the General Laws, as most recently amended by Chapter 557 of the Acts of 1986) submitting a report entitled: Behind Closed Doors: Rate-Setting for Homeowners Insurance in Massachusetts	Placed on file	Similar To
S412	Relative to the use of shotguns	Accompanied a study order, see S2380	Similar To
S463	To ensure microbead-free water	Accompanied a study order, see S2356	Similar To
S479	To establish consumer choice in automobile insurance	Accompanied a study order, see S2318	Similar To
S480	To preserve the financial assistance feature in automobile insurance rating	Accompanied a study order, see S2318	Similar To
S481	To stress user-controllable factors in automobile insurance premiums	Accompanied a study order, see S2318	Similar To
S538	Relative to homeowners' fire insurance policies	Accompanied a study order, see S2318	Similar To

Bill > S530

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

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