HOUSE DOCKET, NO. 398 FILED ON: 1/12/2009
HOUSE . . . . . . . . . . . . . . . No. 958
|
The Commonwealth of Massachusetts
_______________
In the Year Two Thousand Nine
_______________
An Act RELATIVE TO EXEMPTIONS IN THE MASSACHUSETTS AUTOMOBILE INSURANCE PLAN..
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
Notwithstanding any law or regulation to the contrary, on and after January 1, 2014 every insurance company writing private passenger auto insurance in the Commonwealth shall be required to accept assignments of risks pursuant to the plan established by section 113H of chapter 175 of the General Laws and no exemption from such assignments shall thereafter be permitted. Such assignments shall be made based on each such company’s share of the voluntary market as determined by said plan and as adjusted for any credits calculated by the plan.