summary
Introduced
01/23/2017
01/23/2017
In Committee
01/23/2017
01/23/2017
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation to provide greater fairness in insurance policies. Financial Services.
AI Summary
This bill aims to provide greater fairness in insurance policies. It prohibits insurance policies from including provisions that give insurers or their agents the discretionary authority to determine eligibility for benefits or interpret the terms of the policy, as this could lead to a deferential standard of review by courts. The bill also requires the Commissioner of Insurance to not approve any policy that includes such discretionary authority provisions or other inconsistent, ambiguous, or misleading clauses that could affect the risk assumed in the policy. The bill ensures that the provisions are severable, so that if any part is found to be illegal or unenforceable, the rest of the bill can still be given effect.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see S2496 (on 04/30/2018)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
---|---|
State Bill Page | https://malegislature.gov/Bills/190/S537 |
Bill | https://malegislature.gov/Bills/190/S537.pdf |
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