MA S496

Bill

Relative to transparency in homeowners insurance rate setting

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 transparency in homeowners insurance rate setting. Financial Services.

AI Summary

This bill aims to increase transparency in homeowners insurance rate setting in Massachusetts. It prohibits insurance companies from basing rate classes on non-risk-related factors such as policyholders' price elasticity of demand. It also requires insurance companies to make their rate filings publicly available online within 3 business days of the initial filing, and gives the Attorney General the ability to request a hearing on up to 4 rate filings per year to ensure they meet the legal requirements. Additionally, the bill requires insurers to report annually on the number of homeowner policy cancellations and non-renewals in each zip code, with the data published on the Division of Insurance's website.

Committee Categories

Business and Industry

Sponsors (8)

Mike Barrett (D), Tony Cabral (D), James Cantwell (D), Sal DiDomenico (D), Ken Gordon (D), Barbara L'Italien (D), Jason Lewis (D), Chris Walsh (D),

Last Action

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

Official Document

https://malegislature.gov/Bills/190/S496

(15 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://malegislature.gov/Bills/190/S496
Bill	https://malegislature.gov/Bills/190/S496.pdf

Bill	Bill Name	Last Action	Type
H138	Requiring transparency in telephone solicitations	No further action taken	Similar To
H166	Establishing fuel price transparency	Accompanied a study order, see H4638	Similar To
H331	Relative to greater transparency and accountability for out of district placement costs	Accompanied a new draft, see H4390	Similar To
H4112	Relative to patient safety and hospital transparency	No further action taken	Similar To
H4113	Relative to patient safety and hospital transparency	No further action taken	Similar To
H560	Providing for lower cost home insurance by consumers choosing a larger deductible	Accompanied a study order, see H4778	Similar To
S113	Creating transparency in emerging price discrimination technologies	Bill reported favorably by committee and referred to the committee on Senate Ways and Means	Similar To
S1638	To increase transparency of taxpayers rights	Accompanied a study order, see S2497	Similar To
S1757	To increase the transparency of the Massachusetts Historical Commission	Accompanied a study order, see H4481	Similar To
S1772	Relative to zero-based budgeting and budget transparency	Accompanied a study order, see H4481	Similar To
S1858	Relative to utility data transparency and access	Accompanied a study order, see S2498	Similar To
S2496	Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues	Discharged to the committee on Senate Rules	Replaced by
S365	Restoring financial transparency in presidential elections	Accompanied a study order, see S2399	Similar To
S378	Enhancing transparency in campaign finance	Accompanied a study order, see S2399	Similar To
S880	To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses	Accompanied a study order, see S2313	Similar To

Bill

Bill Name

Last Action

Type

H138

Requiring transparency in telephone solicitations

No further action taken

Similar To

H166

Establishing fuel price transparency

Accompanied a study order, see H4638

Similar To

H331

Relative to greater transparency and accountability for out of district placement costs

Accompanied a new draft, see H4390

Similar To

H4112

Relative to patient safety and hospital transparency

No further action taken

Similar To

H4113

Relative to patient safety and hospital transparency

No further action taken

Similar To

H560

Providing for lower cost home insurance by consumers choosing a larger deductible

Accompanied a study order, see H4778

Similar To

S113

Creating transparency in emerging price discrimination technologies

Bill reported favorably by committee and referred to the committee on Senate Ways and Means

Similar To

S1638

To increase transparency of taxpayers rights

Accompanied a study order, see S2497

Similar To

S1757

To increase the transparency of the Massachusetts Historical Commission

Accompanied a study order, see H4481

Similar To

S1772

Relative to zero-based budgeting and budget transparency

Accompanied a study order, see H4481

Similar To

S1858

Relative to utility data transparency and access

Accompanied a study order, see S2498

Similar To

S2496

Order relative to authorizing the joint committee on Financial Services to make an investigation and study of certain current Senate documents relative to financial services issues

Discharged to the committee on Senate Rules

Replaced by

S365

Restoring financial transparency in presidential elections

Accompanied a study order, see S2399

Similar To

S378

Enhancing transparency in campaign finance

Accompanied a study order, see S2399

Similar To

S880

To increase transparency in the Massachusetts land record systems to protect the property rights of homeowners and businesses

Accompanied a study order, see S2313

Similar To

Bill > S496

MA S496

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (8)

Last Action

Official Document

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