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Bill > H2186


MA H2186

Relative to single risk limitations


summary

Introduced
01/23/2017
In Committee
09/05/2017
Crossed Over
Passed
Dead
12/31/2018

Introduced Session

190th General Court

Bill Summary

Relative to financial guaranty insurance companies. Financial Services.

AI Summary

This bill amends Section 21 of Chapter 175 of the General Laws to include financial guaranty insurance companies, in addition to life insurance companies, under the laws of the state in which the company is domiciled. The bill defines a financial guaranty insurance company as one licensed to transact insurance in the Commonwealth that primarily issues insurance policies, surety bonds, indemnity contracts, or other similar guarantees where loss is payable upon proof of a financial loss to the insured.

Committee Categories

Business and Industry

Sponsors (1)

Last Action

Read second and ordered to a third reading (on 09/07/2017)

bill text


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