HOUSE DOCKET, NO. 2987 FILED ON: 2/18/2021
HOUSE . . . . . . . . . . . . . . . No. 1046
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The Commonwealth of Massachusetts
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PRESENTED BY:
F. Jay Barrows
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To the Honorable Senate and House of Representatives of the Commonwealth of Massachusetts in General
Court assembled:
The undersigned legislators and/or citizens respectfully petition for the adoption of the accompanying bill:
An Act to relative to an underinsurance issue.
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PETITION OF:
Name: | District/Address: | Date Added: |
F. Jay Barrows | 1st Bristol | 2/17/2021 |
HOUSE DOCKET, NO. 2987 FILED ON: 2/18/2021
HOUSE . . . . . . . . . . . . . . . No. 1046
By Mr. Barrows of Mansfield, a petition (accompanied by bill, House, No. 1046) of F. Jay Barrows relative to an motor vehicle underinsurance. Financial Services. |
The Commonwealth of Massachusetts
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In the One Hundred and Ninety-Second General Court
(2021-2022)
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An Act to relative to an underinsurance issue.
Be it enacted by the Senate and House of Representatives in General Court assembled, and by the authority of the same, as follows:
SECTION 1. Paragraph 2 of section 113L of Chapter 175 of the General Laws, as so appearing in the 2018 Official Edition, is hereby amended by inserting after the first sentence the following sentence: -
The coverage described in this paragraph shall also apply when, by reason of payment of judgment or settlement, the bond amount or policy limit of the tortfeasor has been reduced by the payment of multiple claims arising from the same accident to an amount less than the policy limit for uninsured motor vehicle coverage, and only to the extent that the uninsured motor vehicle coverage limits exceed the amount paid to the insured pursuant to the exhausted bodily injury liability bond or policy.