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MA S729
Bill
Status
2/27/2025
Primary Sponsor
Peter Durant
Click for details
AI Summary
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Requires insurers to notify the agent of record at least 21 days before a life, disability, or long-term care insurance policy lapses, via mail or electronic notification
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Receipt of lapse notice does not make the agent legally responsible for any coverage lapse
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Exempts insurers from the notification requirement if they maintain an online system that automatically pushes pending lapse notices to brokers of record
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Additional exemptions apply when the insurer has no record of the current agent, or when the agent is employed by the insurer or its affiliate
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Adds new Section 231 to Chapter 175 of the Massachusetts General Laws governing insurance
Legislative Description
Relative to notifying broker prior to termination of coverage
Last Action
Hearing scheduled for 11/04/2025 from 10:30 AM-01:30 PM in A-2
10/27/2025