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Bill > S537


MA S537

For greater fairness in insurance policies


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 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)

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