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December 21, 2024 Snow | 28°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XXII CORPORATIONS
  4. Chapter 175 INSURANCE
  5. Section 113R Interest on refunds of overpayments or overdue payments of motor vehicle liability insurance premiums

Section 113R

Section 113R: Interest on refunds of overpayments or overdue payments of motor vehicle liability insurance premiums

Section 113R. Every insurer offering motor vehicle liability insurance and related coverages shall pay interest on refunds of overpayments to those insured paying premiums in full based on an estimated premium. Such interest shall include interest in the amount charged policyholders for overdue payments.