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Bill > H479


MA H479

Relative to arbitration for automobile insurance property damage


summary

Introduced
01/23/2017
In Committee
01/23/2017
Crossed Over
Passed
Dead
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)

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