Bill > S524

This bill modifies existing Massachusetts law concerning the cancellation of motor vehicle liability insurance policies, specifically focusing on situations where additional premiums are due. It mandates that if an insurance company initiates a cancellation due to an unpaid additional premium, they must send a written notice to the finance company, which is an entity that finances insurance premiums, at least twenty days before the cancellation takes effect. Additionally, the bill clarifies that notices of cancellation can be sent to an agent of the insurer or a premium finance agency. Finally, it removes the last sentence of the relevant section of the General Laws, which likely pertains to a previous provision regarding cancellation notices.