AN ACT REQUIRING AUTOMOBILE INSURERS TO REIMBURSE ELDERLY PERSONS FOR CERTAIN REDUCTIONS IN INSURANCE RATES.
Be it enacted by the Senate and House of Representatives
in General Court assembled, and by the authority of the same,
Section 113B of chapter 175 of the General Laws,
is hereby amended
by inserting after the third paragraph, inserted by section 1 of chapter
197 of the acts of 1979, the following paragraph:-
All persons sixty-five years of age or older who are entitled to such
reduction in rate, shall be notified annually of such reduction in rate.
All such persons shall be reimbursed by the insurance carrier for all
reductions in rate applicable to said driver from the time that they were
sixty-five years of age which they did not receive. The percentage of the
reduction for each coverage for an insured aged sixty-five or older shall
be itemized on the motor vehicle liability policy. In the event that an
insured reaches the age of sixty-five during the policy year, and is
otherwise entitled to said reduction, said insured shall receive a
reduction in premium on a pro rata basis for the remainder of the policy year.