summary
Introduced
01/23/2017
01/23/2017
In Committee
09/05/2017
09/05/2017
Crossed Over
Passed
Dead
12/31/2018
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)
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/H2186 |
Bill | https://malegislature.gov/Bills/190/H2186.pdf |
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