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MA H1084

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Bruce Ayers

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Requires life insurance companies to verify the identity of any person requesting a change of beneficiary on life or endowment insurance policies before accepting or acting on the request
  • Permits identity verification through a disinterested witness (over 18 years old and not named as a beneficiary in the change) signing the request, or other proof acceptable to the insurer
  • Mandates insurance companies provide written notice of any beneficiary change to the policy owner at their last known address after accepting the change
  • Amends Section 123 of Chapter 175 of Massachusetts General Laws

Legislative Description

Relative to modernization of insurance laws

Last Action

Discharged to the committee on House Ways and Means

12/4/2025

Committee Referrals

Ways and Means12/4/2025
Steering, Policy and Scheduling11/19/2025
Financial Services2/27/2025

Full Bill Text

No bill text available