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Bill > S580


MA S580

MA S580
Relative to commonwealth automobile reinsurers


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

For legislation relative to commonwealth automobile reinsurers. Financial Services.

AI Summary

This bill amends Section 113H of Chapter 175 of the General Laws by removing the requirement that two members of the board of the Commonwealth Automobile Reinsurers (CAR) be producers who are assigned risk producers who write private passenger automobile insurance exclusively through the Massachusetts Automobile Assigned Risk Plan. The CAR is an organization that manages the state's residual automobile insurance market, and this change to the board's composition could potentially impact how the residual market is administered.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Accompanied a study order, see S2496 (on 04/30/2018)

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