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
Relative to notices required for motor vehicle insurance premium and coverage changes. Financial Services.
AI Summary
This bill amends Chapter 175 of the General Laws to require insurers to provide at least 45 days' written notice to policyholders and their insurance producers of record before the expiration of an auto insurance policy. The notice must include any premium increase exceeding 15% and the exact renewal premium. The bill also requires 45 days' notice of any coverage elimination, reduction, diminution, or increased deductible not requested by the insured. If the insurer fails to provide the required notice, the current coverage remains in effect until notice is provided or the policyholder obtains replacement coverage. The provisions of this bill only apply to commercial policyholders and do not apply to changes based on the altered nature or extent of the risk insured.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Accompanied a study order, see H4778 (on 07/18/2018)
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/H493 |
| Bill | https://malegislature.gov/Bills/190/H493.pdf |
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