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 relative to the Massachusetts insurers insolvency fund. Financial Services.
AI Summary
This bill amends the Massachusetts insurers insolvency fund law by increasing the maximum amount of coverage for policyholders from $300,000 to $600,000. The Massachusetts insurers insolvency fund is a state-administered program that provides protection to policyholders in the event that an insurance company becomes insolvent and unable to pay claims. This change is intended to provide greater financial protection for consumers who hold policies with insurance companies that may fail.
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/S575 |
| Bill | https://malegislature.gov/Bills/190/S575.pdf |
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