summary
Introduced
06/15/2017
06/15/2017
In Committee
06/07/2018
06/07/2018
Crossed Over
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
For legislation relative to surplus lines insurance premiums. Financial Services.
AI Summary
This bill amends section 168 of Chapter 175 of the General Laws to require licensed persons to maintain a separate account of surplus lines insurance business, file a certified copy of the account with the commissioner, and file a sworn statement with the state treasurer annually providing the gross premiums charged and the gross return premiums on such insurance. The bill also requires licensed persons to pay a fee to the commonwealth equal to 4% of the gross premiums on properties, risks, or exposures located or to be performed in the commonwealth or any other state if the insured's home state is the commonwealth.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
New draft substituted, see S2547 (on 06/07/2018)
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/S2238 |
| Bill | https://malegislature.gov/Bills/190/S2238.pdf |
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