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MA H1303
Bill
Status
Introduced
2/27/2025
Primary Sponsor
Jeffrey Roy
Click for details
AI Summary
- Amends Chapter 175 of Massachusetts General Laws by adding new Section 113A
- Requires insurers to pay settlement amounts to plaintiffs within 21 days of receiving a signed release document
- Applies when an insurer has agreed to pay all or part of a settlement on behalf of a defendant in a damages action
- Filed by Representative Jeffrey N. Roy (10th Norfolk) on January 14, 2025
- Similar legislation was previously filed as House Bill 1226 in the 2021-2022 session
Legislative Description
To provide prompt payment following settlement by insurance company
Last Action
Hearing scheduled for 05/13/2025 from 10:00 AM-01:00 PM in A-2
5/7/2025
Committee Referrals
Financial Services2/27/2025
Full Bill Text
No bill text available