summary
Introduced
06/07/2018
06/07/2018
In Committee
06/11/2018
06/11/2018
Crossed Over
06/07/2018
06/07/2018
Passed
Dead
12/31/2018
12/31/2018
Introduced Session
190th General Court
Bill Summary
Relative to surplus lines insurance premiums (Senate, No. 2238),-- reports, recommending that the same ought to pass with an amendment substituting a new draft with the same title (Senate, No. 2547).
AI Summary
This bill amends Section 168 of Chapter 175 of the Massachusetts General Laws to require licensed persons to keep separate accounts of surplus lines insurance business, including details such as the amount of insurance placed, gross premiums charged, issuing companies, and cancelled policies. It also requires these persons to annually file a sworn statement with the state treasurer detailing the gross premiums and return premiums, and pay a 4% fee on the net premiums to the Commonwealth.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
No further action taken (on 01/01/2019)
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/S2547 |
| Bill | https://malegislature.gov/Bills/190/S2547.pdf |
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