SENATE DOCKET, NO. FILED ON: 5/14/2014
SENATE . . . . . . . . . . . . . . No. 2144
The Commonwealth of Massachusetts
In the Year Two Thousand Fourteen
Resolve creating the Cape and Islands Property Insurance Commission.
Resolved, That there shall be a special commission to review the feasibility of creating a county managed property insurance entity to serve the counties of Barnstable, Dukes and Nantucket. The commission shall consist of: the commissioner of the division of insurance or a designee; a representative of the Massachusetts Property Insurance Underwriting Association or a designee; a representative of the Massachusetts Interlocal Insurance Association, Inc. or a designee; a representative of the mutual insurance industry of Massachusetts or a designee; the executive director of the Cape Cod commission or a designee; a Barnstable county commissioner or a designee; a Dukes county commissioner or a designee; a Nantucket county commissioner or a designee; a representative of Citizens for Homeowners Insurance Reform Inc, a consumer group with experience advocating for equitable property insurance rates in Massachusetts; the attorney general or a designee; a member appointed by the senate president; and a member appointed by the speaker of the house.
The commission’s review shall include, but not be limited to, the following:
(i) a cost-benefit analysis of a county-managed property insurance office providing service to property owners in Barnstable, Dukes and Nantucket counties;
(ii) an examination and report on the legal and regulatory changes needed to create a county property insurance entity, including review of best practices from other governmental entities;
(iii) an examination and report on past property insurance pricing; and
(iv) an examination and report on expected future property insurance pricing.
The commission shall file a report of its findings, including any legislative or regulatory recommendations, with the clerks of the house of representatives and the senate not later than May 1, 2015.