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 arbitration with insurance companies for property damages to motor vehicles. Financial Services.
AI Summary
This bill amends Section 191A of Chapter 175 of the General Laws to establish a binding arbitration process for resolving disputes between the named insured or their chosen repairer and the insurance company regarding the amount of loss for property damage to motor vehicles. The key provisions include the selection of two competent and disinterested licensed auto damage appraisers as arbitrators, the appointment of an umpire if the arbitrators cannot agree, a timeline for the arbitration process, and the requirement for the insurer to make payment on the award within 5 working days. The bill also deems an insurer's failure to comply with these provisions as unfair claims settlement practices.
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 |
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State Bill Page | https://malegislature.gov/Bills/190/H479 |
Bill | https://malegislature.gov/Bills/190/H479.pdf |
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