H 1328
An Act relative to annuity benefit insurance
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- Passed House
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill, H.1328, aimed to increase the maximum liabilities that the Massachusetts Life and Health Insurance Guaranty Association would be responsible for paying out in annuity benefit insurance claims. The legislation sought to strengthen the state’s insurance guarantee system to better protect consumers who may experience financial hardship due to annuity insurance failures. The bill was ultimately unsuccessful and failed in the House.
Sponsors
Official sponsors from legislative records.
Primary sponsor
Todd M. Smola
Cosponsor
Todd M. Smola
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