2020 Legislative Breakfast
Time & Location
About the Event
On January 24, 2020 we will be inviting local legislators to join us for breakfast. Various legislators will be present with Nicholas Fyntrilakis, the current President and CEO of the MAIA, serving as mediator. This event will be held at Whites with registration at 8 AM & breakfast and discussion to begin at 8:30.
Legislation to be discussed:
S.641/H.973 An Act Relative to Fair and Accurate Motor Vehicle Insurance Quotes (with compromise language agreed upon by GEICO and Progressive) This bill would prohibit insurers who use an applicant’s driving history as a rating or underwriting factor for private passenger motor vehicle insurance from providing a quote, or accepting a down payment for a policy, without first verifying the applicant’s Massachusetts driving history through the use of a reliable third party database. Since filed, all parties have worked together and provided the Committee with agreed upon compromise language that states that before a policy is bound or payment is processed, the Massachusetts driving history must be run. The bill has been heard by the Financial Services Committee and awaits action.
S.580/H.1059, “An Act relative to commonwealth automobile reinsurers” This bill removes the requirement that 2 of the 6 insurance producers on the Governing Committee be those who write automobile insurance exclusively through the MAIP. This is a non-controversial measure that has the support of carriers, agents, CAR, the Commissioner, and the Administration. This bill currently sits in Bills in Third Reading as of 12/9/19.
S.638/H.1118, “An Act to increase the minimum compulsory automobile insurance” This bill would increase the compulsory Bodily Injury Insurance limits from $20,000/$40,000 to $50,000/$100,000 and increase the Property Damage limit from $5,000 to $30,000. The bill has been heard by the Financial Services Committee and awaits action.
S.639/H.1056, “An Act relative to the supplemental application required for dwelling fire insurance policies NOTE: we are hopful that the Commissioner will be issuing filing guidance within the next week that makes this bill moot. We will confirm that as soon as we receive.
Entry will be:
$20 - SCIAA Members
$30 - Non-members