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MA H1328

Bill

Official Source

Status

Introduced

2/27/2025

Primary Sponsor

Todd Smola

Click for details

Origin

House of Representatives

194th General Court

AI Summary

  • Increases the maximum liability for annuity benefit insurance payable by the Massachusetts Life and Health Insurance Guaranty Association from $100,000 to $500,000
  • Raises a second liability threshold from $300,000 to $500,000
  • Amends Section 146B of Chapter 175 of the Massachusetts General Laws
  • Filed by Representative Todd M. Smola (1st Hampden) on January 16, 2025
  • Similar legislation was previously filed in the 2023-2024 session as House Bill 1153

Legislative Description

Relative to annuity benefit insurance

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