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MA S826
Bill
Status
2/27/2025
Primary Sponsor
Michael Rush
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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Receiving the lapse notice does not make the agent legally responsible for any resulting 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
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Exempts insurers if they have no record of the current agent, or if the agent is employed by the insurer or an affiliate
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Amends Chapter 175 of the Massachusetts General Laws; similar legislation (Senate No. 650) was filed in the 2023-2024 session
Legislative Description
Relative to notifying broker prior to termination of coverage
Last Action
Bill reported favorably by committee and referred to the committee on Senate Ways and Means
1/15/2026