HOUSE DOCKET, NO. 3163        FILED ON: 1/16/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

_________________

PRESENTED BY:

Mark J. Cusack

_________________

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 studying property insurance premiums on non-profit organizations.

_______________

PETITION OF:

HOUSE DOCKET, NO. 3163        FILED ON: 1/16/2025

HOUSE  .  .  .  .  .  .  .  .  .  .  .  .  .  .  .  No.         

The Commonwealth of Massachusetts

_______________

In the One Hundred and Ninety-Fourth General Court
(2025-2026)

_______________

An Act studying property insurance premiums on non-profit organizations.

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. Notwithstanding any general or special law to the contrary, the commissioner of insurance shall conduct an investigation and study of the impact of property insurance premiums on non-profit organizations. The commissioner shall evaluate, at a minimum: (1) the reasons for increasing property insurance premiums in the commonwealth; (2) the market availability of property insurers in the commonwealth for nonprofit organizations including those considered "high-risk"; and (3) evaluate the development of a commercial insurance policy clearinghouse as part of the Massachusetts FAIR Plan.  The commissioner shall make recommendations and shall submit findings to the joint committee on financial services and to the house and senate committees on ways and means not later than December 31, 2026.