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 special insurance brokers and continuous affidavits. Financial Services.
AI Summary
This bill amends a section of Massachusetts law to exempt special insurance brokers from having to complete a new affidavit for each renewal, continuation, or extension of an insurance policy with the same insurance company, as long as the broker has previously completed an affidavit for that policy. The broker must still confirm that the insurer is on the state's approved list of surplus lines insurance companies before renewing, continuing, or extending the policy. The affidavit will remain on file with the broker and be available to the state insurance regulator for examination or audit.
Committee Categories
Business and Industry
Sponsors (2)
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/H2968 |
| Bill | https://malegislature.gov/Bills/190/H2968.pdf |
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